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HMRC’s new Offshore Funds Manual covers the definition of an offshore fund and the operational rules of the offshore funds regime.
It takes account of comments received on earlier draft guidance and draws together the separate pieces of guidance previously issued in draft form.
While this is the final version of the guidance and is not issued for consultation, the Revenue will consider any points in the guidance that readers consider to be inconsistent with the relevant legislation.
It is anticipated that changes made to the guidance as a result of comments will be made when periodic updates are undertaken.
Errors drawn to the taxman's attention in the near future may be able to be incorporated into the first electronic library version.
Comments on the guidance should be sent to Wayne Strangwood: 020 7147 2545 or via email.
