TaxCorporate TaxHedge funds want emissions tax parity

Hedge funds want emissions tax parity

London will miss out on the emissions trading boom if hedge fund tax breaks are not extended to 'green' instruments

Hedge funds are worried that London may lose its position as the centre for
global emissions trading if HM
Revenue & Customs
does not allow existing hedge fund tax breaks
to be extended to ‘green’ trading instruments.

According to the Daily
Telegraph
there is concern among hedge funds that the UK investment
manager exemption (IME) will not be extended to emissions trading.

The IME allows managers to control funds from the UK without paying UK tax,
as long as certain investment criteria are met.

HMRC is reviewing the IME criteria, and concern is increasing that emissions
investments may be excluded.

The Alternative Investment
Management Association
, the hedge fund professional body, has
strong views on the IME review and is preparing a hard-hitting response document
to the review.

Further reading:

E&Y gears up to fight hedge fund lawsuit

Investors dissatisfied with hedge funds

Hedge fund managers under revenue spotlight

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

2m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter