Tax – EU

UK scraps national insurance tax hit on LLPs

Chancellor Hammond withdraws contentious plans to raise Class 4 NIC

UK eyes radical carried interest shift to five-year holding periods

Consultation results to be published on 25 November

UK tax agency ignores landmark LLC ruling

HMRC says Anson case facts unique but lawyers still to refer to case as leading authority

Aima hits out at UK carried interest reforms

Trade body Aima has hit out at UK reforms to carried interest claiming it threatens London’s reputation for tax certainty

Lux delays Fatca filing date for second time

Deadline extended from 31 July to 31 August

Luxembourg tax authority delays Fatca deadline

Luxembourg’s tax authority the ACD  has extended its 2014 Fatca reporting deadline by one month. An ACD spokesperson told HFMWeek

VAT changes to watch out for

The VAT year end for most HFM’s takes place in between March and May. In our experience, we have found

EU and US fail to reach deal after Emir equivalency talks

The European Commission and CFTC have again failed to agree a deal on an equivalency regime for central counterparties (CCPs)

Labour ramps up industry attacks as UK heads to polls

Labour leader Ed Miliband said there will be “no hiding place for the hedge funds” if he becomes prime minister

BVI opens Fatca notification/reporting portal

The British Virgin Islands has launched its BVI Financial Accounting Reporting System (BVIFARS) to enable hedge funds and other financial

How the general election could hit hedge funds

Ahead of the 2015 UK general election on 7 May, we summarise the election commitments from the major parties which

UK consensus builds over curbing non-doms

The UK Liberal Democrats have joined a growing political consensus to curb the non-domiciled tax status by vowing to increase

2015 UK Finance Act

From a hedge fund perspective, the key takeaway from the UK Finance Act this year was the disguised investment management

UK Conservatives promise to increase tax charges on non-doms

The UK Conservative party has promised to raise annual tax charges on non-domiciled individuals for a second consecutive year but

UK Labour targets hedge funds in pre-election tax raid

The UK Labour party is targeting hedge funds and private equity firms in a radical overhaul of the tax system

Experts warn over Labour’s non-dom reform pledge

Labour leader Ed Miliband’s pledge to scrap the UK’s non-domicile rules would raise the costs for many hedge funds doing

Disguised fee rewrite welcomed but some concerns remain

Revised UK rules on ‘disguised’ investment management fees are “ambiguous” and need further clarity despite being heavily watered down, industry

Industry experts call new tax ruling regime “problematic”

A possibility that tax rulings in European member states could be made public is “problematic” for hedge fund managers who