Offshore reporting funds

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Offshore Reporting Funds

The list of offshore funds that have been applied and approved for reporting fund status has been updated. The list comprises over 85,000 funds defined as an offshore funds and that have successfully applied to HMRC for reporting fund status.

Under UK rules, a fund is obliged to publish, for each of its accounting years, details of Reported Income per share for any of its share classes that have Reporting Status. Investing in an offshore fund that does not have reporting fund status can significantly impact the tax consequences of such an investment.

The reporting fund list is updated monthly. The most up-to-date list was recently published and includes the funds that have entered the reporting fund regime up to that date.

This includes details of:

  • reporting fund reference
  • previous distributing fund reference
  • name
  • sub fund reference
  • International Securities Identification number (ISIN) number
  • Stock Exchange Daily Official List (SEDOL) number
  • Committee on Uniform Securities Identification Procedures (CUSIP) number.

Do you have any offshore funds that could be affected by this ruling, then we have a dedicated team who can help you, get in touch

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