The Collective Investment Schemes Centre (CISC), based in Sheffield, deals with all operational issues on behalf of HM Revenue & Customs (HMRC), and should generally be treated as first point of contact within HMRC, in relation to the following types of entity:
The postal address for CISC is as follows:
HM Revenue & Customs
Collective Investment Schemes Centre
1st floor
Concept House
5 Young Street
Sheffield
S1 4LB
Fax: 0114 2969 791
(Please ensure documentation contains a reference number and is
preferably addressed to an individual by name. It is recommended
that you telephone the relevant individual before sending your fax
transmission.)
You can contact the team by email by clicking on the appropriate name / link below, but before CISC can engage with you by email, they require your specific written authority to do so and to acknowledge that you understand and accept the inherent risks involved.
A - L Julie
Norton
Tel: 0114 2969 681
M - Z Andy
Nutbrown
Tel: 0114 2969 822
Guidance on diversely owned Authorised Investment Funds can be found in HMRC's Company Taxation Manual at CTM48150 onwards. For an AIF that has doubts as to whether it meets the requirements of the Genuine Diversity of Ownership condition and wants to gain an advance clearance from HMRC it can submit a clearance application using form CISC5 - Authorised Investment Funds - Request for clearance in respect of the Genuine Diversity of Ownership (GDO) condition (PDF 517K)
For further information on the GDO condition please see the contact details above.
Sandra
Palmer
Tel: 0114 2969 755
Certificates of residence, tax reclaim forms and general administrative duties:
Admin Team
Tel: 0114 2969 472
Please submit all email requests/queries to the group mailbox at the address below.
cisc.sheffield@hmrc.gsi.gov.uk
For new fund registrations you can complete and submit form CISC10 - Authorised Investment Funds - New fund registration form(PDF 483K).
For bulk requests for certificates of residence you can complete and submit form CISC9 - Authorised Investment Funds - Requests for Certificates of Residence (PDF 474K).
Please note that we cannot guarantee the security of emails you send to us or we send to you over the internet. Information sent by email over the internet is not secure and is at risk of being intercepted and read by people other than those it was intended for. Any information you send to us by email is at your own risk.
If you have any doubt about the authenticity of an email you receive which claims to come from HMRC please do not follow any links within the email, disclose any personal details or respond to it. Forward it to us at: phishing@hmrc.gsi.gov.uk
Andrew
Marshall
Tel: 0114 2969 361
HMRC guidance on PAIFs is contained in the Company Taxation Manual at CTM48800 et seq. For funds wishing to make an application to enter the PAIF regime you can complete and submit form CISC7 - Application to enter Property Authorised Investment Fund (PAIF) regime (PDF 566K).
Andrew
Marshall
Tel: 0114 2969 361
HMRC guidance on TEFs is contained in the Company Taxation Manual at CTM48900 et seq. Guidance on making an application to enter the TEF regime is at CTM48920 et seq. Such applications can be made to HMRC by completing and submitting form CISC6 - Application to enter Tax Elected Fund (TEF) regime (PDF 541K).
General guidance on Investment Trust Companies is in the Company Taxation Manual at CTM47000 onwards.
For Investment Trust Companies wishing to seek approval under s1158-59 CTA 2010 a form CISC8 - Investment Trust Companies - Application for approval under s1158 - 1159 CTA 2010(PDF 521K) is available to facilitate the application process.
Guidance on regulations that allow investment trusts to invest in interest bearing assets without incurring a tax liability can be found at CTM47500 onwards.
For contact on technical and procedural issues in relation to Investment Trust Companies use contacts as above for Authorised Investment Funds.
General guidance on Unauthorised Unit Trusts is in the Savings and Investment Manual at SAIM6050 onwards.
Martyn
Berridge
Tel: 0114 2969 412
Fiona
Johnson
Tel: 0114 2969 767
Liz Foster
Tel: 0114 2969 377
Sandra
Whyman
Tel: 0114 2969 688
Eric
McLennan
Tel: 0114 2969 443
Andrew
Marshall
Tel: 0114 2969 361
Liz Foster
Tel: 0114 2969 377
Sandra
Whyman
Tel: 0114 2969 688
Guidance on the distributing fund regime is available on the HMRC website, please see the Offshore Funds Guide.
For Offshore Funds wishing to submit an initial or annual application for distributing fund status you can complete and submit form CISC3 - Offshore Funds - Application for Distributing Fund Status (PDF 520K). Where an application for distributing fund status is late or involves late distributions, HMRC's position is set out in the attached statement.
Late applications for distributing fund status and late distributions
An up-to-date list of Distributing Funds (XLS 1.67MB)
Full guidance on the Reporting Funds regime is contained in the HMRC Offshore Funds Manual.
For Reporting Funds wishing to submit an initial application for Reporting Fund status an application form CISC1 is available.
CISC1 - Offshore funds application form for reporting funds (PDF 491K)
Late applications for Reporting Fund status (PDF 10K)
For a Reporting Funds submitting its annual report you may wish to complete form CISC2 - Offshore Funds – Annual reporting requirements for Reporting Funds(PDF 499K) to accompany the report.
List of Reporting Funds A - Z (updated January 2012) (XLS 3.17MB)
List of acceptable GAAPs (PDF 28K) (update attached)
For a Reporting Fund that has doubts as to whether it meets the requirements of the Genuine Diversity of Ownership and Equivalence conditions and wants to gain an advance clearance from HMRC it can submit a clearance application using form CISC4 - Offshore Funds - Request for clearance in respect of the Genuine Diversity of Ownership (GDO) and Equivalence conditions (see OFM14250)(PDF 509K)
Corporate investors with interests in offshore contract-based funds will be interested in the attached announcement that takes effect from 1 April 2010.
Read the Commencement Order (PDF 34K) (Opens new window)
Nominee account holders etc that invest in Authorised Investment Funds are able to use consolidated tax vouchers. HMRC has now developed a generic voucher template (PDF 18K) for use in these circumstances, which should be adapted accordingly. Where this template is used there will be no need for nominee account holders to seek prior approval from HMRC that the voucher is acceptable.
If the generic voucher template cannot be adopted for any reason, then prior approval of the proposed format of the consolidated tax voucher may be sought from HMRC by emailing Sandra Palmer (Tel 0114 2969 755) or writing to her at the Collective Investment Schemes Centre (address at top of page).
Advice on ordinary tax vouchers to be used by Authorised Unit Trusts (AUTs) and Unauthorised Unit Trusts (UUTs) can also be obtained from the same source.
