The Offshore Funds (Tax) Regulations 2009 No. 3001

PART 3 U.K. REPORTING FUNDS AND THE TREATMENT OF PARTICIPANTS IN REPORTING FUNDS

CHAPTER 3 U.K. THE GENERAL DUTIES OF REPORTING FUNDS

General duties of reporting funds U.K.

58.  A reporting fund must—

(a) prepare accounts in accordance with the requirements of Chapter 4 [F1 (except in the case of transparent reporting funds)];

(b) provide a computation of its reportable income in accordance with the requirements of Chapter 5 [F2 or 6A, as the case may be];

(c) provide reports to participants in accordance with the requirements of Chapter 7; and

(d) provide information to HMRC in accordance with the requirements of Chapter 9.

Textual Amendments

F1 Words in reg. 58(a) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211), regs. 1(1), 23(2)

F2 Words in reg. 58(b) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211), regs. 1(1), 23(3)