Investment manager exemption

HMRC has updated the contact details for enquiries in relation to the investment manager exemption. The exemption ensures that:

• overseas investors are not charged to UK tax in relation to investment transactions conducted on their behalf; and
• any fees received by a UK resident investment manager for services performed for the non-resident are fully chargeable to UK tax.

The new contact is Simon Kimber, HMRC, 286 Euston Road. London NW1 3UH. Email: simon.kimber@hmrc.gsi.gov.uk.