Asset Managers Briefing Note
The aim of this page is to provide useful monthly updates on current UK and international tax matters that impact asset managers and underlying investee companies.
We hope to supplement these briefings with quarterly “Asset Managers Breakfast Briefing” seminars from September 2020 onwards.
Please reach out to us if you have any questions regarding the content of these briefings or if there is anything else we can help you with.
If you would like more information on domestic tax matters, click here.
BRIEFINGS:
In the December edition of the UK Asset Managers Briefing Note, our experts discuss the Autumn Budget, explore the funding of Co-investments and provide an update on the HMRC v BlueCrest case.
In the September edition of the UK Asset Managers Briefing Note, our experts explore the rise of the co-investment, discuss FATCA and CRS compliance for investment funds, provide an update on the BlueCrest salaried members rules case and preview the upcoming Autumn Statement.
In the July edition of the UK Asset Managers Briefing Note, our experts provide an update on ATAD 3 and investment funds, discuss continuation funds and explore the Labour Party’s announcements regarding carried interest taxation.
In the May edition of the UK Asset Managers Briefing Note, our experts provide an update on ATAD 3, discuss tax reporting for multinational funds, highlight the upcoming employment-related securities reporting deadline and introduce the Reserved Investor Fund consultation.
In the March edition of the UK Asset Managers Briefing Note, our experts discuss the UK Spring Budget 2023 and breakdown the measures particularly relevant for asset managers covering the likes of personal tax, companies and VAT.
In the January edition of the UK Asset Managers Briefing Note, our experts provide an update on the Autumn Statement, review the genuine diversity of ownership condition and discuss the EU agreeing to adopt Pillar 2.
In the November edition of the UK Asset Managers Briefing Note, our experts provide an update on the major reversal in the government’s tax plans and possible tax rises, discuss the retailisation of private markets and peovide an update on the potential introduction of an unauthorised contractual scheme fund structure for professional investors
In the September edition of the UK Asset Managers Briefing Note, our experts provide a summary on the recent emergency Mini-Budget, give an update on QAHCs whilst addressing some frequently asked questions and discuss the potential introduction of an unauthorised contractual scheme fund structure.
In the August edition of the UK Asset Managers Briefing Note, our experts discuss the sovereign immunity reform consultation, ATAD 3, the recent salaried member rules case Bluecrest Capital Management v HMRC, British Venture Capital Association’s (“BVCA”) ongoing dialogue with HMRC regarding carried interest guidance, basis period reforms coming in from April 2023 affecting LPs and LLPs, provide an update from Stonehenge Fleming on private wealth management for investment management professionals and the reward and employment team discuss the demands and dynamics of payroll.
In the June edition of the UK Asset Managers Briefing Note, our experts discuss the HM Treasury’s responses to the ‘Review of the UK Funds Regime: A Call for Input’, the new tax regime for Qualifying Asset Holding Companies, HMRC communications to LLPs on Salaried Member Rules, Luxembourg's new Double Tax Treaty with the UK, provide a reminder for Employment-Related Securities Annual Returns and feature a guest article “The Banking Problem” from Douglas Graham.
In the April edition of the UK Asset Managers Briefing Note, our experts discuss the Spring Statement, the new tax regime for Qualifying Asset Holding Companies, HMRC’s updated guidance on carried interest and provide a reminder for Employment-Related Securities Annual Returns.
In the September edition of the UK Asset Manager Briefing Note, we introduce A&M TAX Director, Lucy Hardman, provide an overview of the proposed changes to basis periods for Income Tax, provide an update on HM Revenue & Customs’ (“HMRC”) Family Investment Company (“FIC”) team, a reminder for the second self-assessment payment on account for 31 July 2021 and share the Non-Executive Director Fees in the FTSE 350 and SmallCap – Summer report 2021.
In the June edition of the A&M UK Asset Manager Briefing note we provide an overview of the A&M Tax virtual asset manager roundtable and U.K. commentary of recent U.S tax changes, provide a reminder for the Employment Related Securities reporting for 6 July 2021, introduce the new A&M Tax Financial Investors team members and share the recent insights report ‘COVID-19 and AGM 2021 Insights: Did Companies Listen on Executive Pay?’
The April edition of A&M’s UK Asset Manager Briefing Note includes a reminder of the upcoming TAX Webinar: ‘Virtual Asset Manager Roundtable’ and provides key highlights from the UK budget on 3 March 2021 and UK Tax Day 23 March 2021.
Market Update, A&M Tax Strengthens its Real Estate Practice with Senior Hire, Announcing our new A&M Taxand Managing Directors, Disguised Investment Management Fees and Carried Interest Rules in the UK - Updated guidance, IA Publishes Annual Review of the Principles of Remuneration and FTSE SmallCap: Executive Remuneration Trends 2020.
Virtual Asset Manager Roundtable webinar, Introduction to new A&M Tax Financial Investors team members, Market update from Ocorian, COVID-19 update: Companies House filing extension, Incentivising management teams in uncertain times and FTSE 350: Executive Remuneration Trends 2020.
Market update, call for evidence - Capital Gains Tax (CGT), pension tax relief, guidance on DAC, changes for non-resident company landlords, 30-day limit for paying CGT on U.K. residential property.
Market update, debt investments and the availability of tax loss relief, deferrals of POA, and COVID-19 Updates.
WEBINARS:
Wednesday 9 September 2020
London Asset Manager Breakfast Briefing
Wednesday 19 November 2020
London Asset Manager Breakfast Briefing
CONTACTS:
Daniel Parry
Managing Director
+44 7788 364 778
dparry@alvarezandmarsal.com
Jordan Brown
Senior Director
+44 7788 402 732
jordan.brown@alvarezandmarsal.com
Orion Ganase
Senior Director
+44 7767 102 013
oganase@alvarezandmarsal.com
Shirley Ly
Director
+44 7526 998 306
sly@alvarezandmarsal.com
