HM Treasury (HMT) and HM Revenue & Customs (HMRC) issued sets of draft regulations for technical comment in July 2012 following the consultation on contractual schemes for collective investment that was issued in January 2012.
In response to the comments received and to further legal and technical analysis HMT and HMRC have now finalised draft regulations , subject to final checks, and have issued them for information
If you have any questions on these drafts they may be directed to the relevant HMRC official named below.
The Collective Investment
Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes
of Reconstruction) Regulations 2013 (PDF 75K)
For questions on this regulation, please email John Buckeridge.
The Stamp Duty
and Stamp Duty Reserve Tax (Collective Investment Schemes) (Exemptions)
Regulations 2013 (PDF 25K)
For questions on this regulation, please email Jeremy Schryber.
The Value Added Tax (Finance)
Order 2013 (PDF 19K)
For questions on this regulation, please email Andrea Coppins.
A Tax Information and Impact Note (TIIN) covering these draft instruments was published on 6 December 2011. It remains an accurate summary of the impacts that apply to these instruments.