The government’s initial conclusions from its recent response document leave Mark Stapleton and Nicolas Kokkinos (Dechert) doubtful as to whether the stated aim of the review – to make the UK an attractive location for asset managers – will be achieved.
At the 2020 Budget the UK government promised to undertake a comprehensive review of the UK funds regime with the goal of considering reforms to direct tax indirect tax and relevant funds regulation to enhance the UK’s attractiveness as a location for asset management and for funds in particular. Indeed when the government called for input from the asset management industry in January 2021 they stated that it was the overarching objective of the review to consider changes to make the UK an attractive location for asset managers to set up manage and administer funds for a global investor base. This commitment to review...
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The government’s initial conclusions from its recent response document leave Mark Stapleton and Nicolas Kokkinos (Dechert) doubtful as to whether the stated aim of the review – to make the UK an attractive location for asset managers – will be achieved.
At the 2020 Budget the UK government promised to undertake a comprehensive review of the UK funds regime with the goal of considering reforms to direct tax indirect tax and relevant funds regulation to enhance the UK’s attractiveness as a location for asset management and for funds in particular. Indeed when the government called for input from the asset management industry in January 2021 they stated that it was the overarching objective of the review to consider changes to make the UK an attractive location for asset managers to set up manage and administer funds for a global investor base. This commitment to review...
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:
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