Consultations and Proposals

Offshore Funds: a Discussion Paper

The Government has published a discussion paper setting out how it intends to modernise the offshore funds tax regime, and is seeking comments on these proposals.

The discussion paper covers changes to the definition of offshore funds for UK tax purposes, a proposed framework for offshore funds, and the tax treatment of UK investors into those funds.

A consultation stage impact assessment is included in the Annex, on which the Government is inviting comments from interest parties, by a deadline of Wednesday 9 January 2008.

The PDF document can be viewed here:

http://www.hm-treasury.gov.uk/media/2/E/pbr_csr07_offshore402.pdf