Andrew Howard (Ropes & Gray) considers the proposals that might provide an opportunity to achieve a material boost for the UK asset management industry.
Given the extraordinary chain of events since new chancellor Rishi Sunak stood up and delivered his first Budget not much more than two weeks ago a development I regarded as quite exciting at the time is now easy to dismiss as trivial. However in the coming months and years as we advise asset managers on the challenges and opportunities presented by the economic fallout accompanying the Covid-19 pandemic this may again be something that tax advisers at least can regard as significant.
As has become traditional at Budget time the chancellor announced a review into the taxation of the UK funds. The review will be in two parts: VAT on fund management fees with more detail to...
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Andrew Howard (Ropes & Gray) considers the proposals that might provide an opportunity to achieve a material boost for the UK asset management industry.
Given the extraordinary chain of events since new chancellor Rishi Sunak stood up and delivered his first Budget not much more than two weeks ago a development I regarded as quite exciting at the time is now easy to dismiss as trivial. However in the coming months and years as we advise asset managers on the challenges and opportunities presented by the economic fallout accompanying the Covid-19 pandemic this may again be something that tax advisers at least can regard as significant.
As has become traditional at Budget time the chancellor announced a review into the taxation of the UK funds. The review will be in two parts: VAT on fund management fees with more detail to...
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:
