Emily Clark, Elena Rowlands and Ian Zeider (Travers Smith) give an overview of, and their verdict on, the QAHC legislation in the Finance Bill.
In the March 2020 Budget the government announced a review of the UK funds regime. Whilst not all elements of the review have been speeding along (we are still awaiting the promised review of the VAT treatment of fund management fees) the proposals for a new tax privileged asset holding company (AHC) regime have made rapid progress and following the publication of Finance Bill 2022 we now know what the final rules are likely to look like.
The government’s objective is for the UK to have an AHC regime that successfully competes with rival jurisdictions (in particular Luxembourg and Ireland) bringing business and jobs to the asset management and professional services sectors. A common theme of respondents in the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Emily Clark, Elena Rowlands and Ian Zeider (Travers Smith) give an overview of, and their verdict on, the QAHC legislation in the Finance Bill.
In the March 2020 Budget the government announced a review of the UK funds regime. Whilst not all elements of the review have been speeding along (we are still awaiting the promised review of the VAT treatment of fund management fees) the proposals for a new tax privileged asset holding company (AHC) regime have made rapid progress and following the publication of Finance Bill 2022 we now know what the final rules are likely to look like.
The government’s objective is for the UK to have an AHC regime that successfully competes with rival jurisdictions (in particular Luxembourg and Ireland) bringing business and jobs to the asset management and professional services sectors. A common theme of respondents in the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
