OSFG01020 - Aims of this Guide

This guide aims to

• explain the role of HMRC Offshore Funds Centre (OFC) in relation to applications for distributing fund status,
• set out the main legislation relating to the offshore funds regime

and

• address some common queries and problems that have arisen over the years.

It does not provide a full commentary on the law and practice relating to applications by offshore funds for certification as a distributing fund.

The guide explains the procedure for making an application for distributing fund status following the changes introduced by FA 2004 and FA 2007. If you have any questions or concerns relating to earlier rules or provisions, these can be addressed to OFC staff whose details are shown on OSFG01010 - Directory.

We also hope that by encouraging liaison between all parties

• you will be able to apply for distributing fund status with confidence,
• applications will be made in a manner and form likely to be successful first time

and

• the whole certification process will be completed quickly and painlessly.