Hedge fund managers are being closely scrutinised by HM Revenue &
Customs amid suggestions of a crackdown.
The Financial Times says today that the practice of channeling
management fees to offshore jurisdictions is being examined. The fees, for
marketing or other services, have to be justified by being paid for at
HM Revenue & Customs neither confirmed nor denied that it was increasing
its scrutiny of hedge funds, according to the report.
HMRC compliance crackdown targets SMEs, resulting in £468m for year ending 31 March 2016
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit