- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). Dim ond ar ei ffurf wreiddiol y mae’r eitem hon o ddeddfwriaeth ar gael ar hyn o bryd.
(This note is not part of the Regulations)
These Regulations amend the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001, “the principal Regulations”) which make provision for the tax treatment of participants in offshore funds and make other miscellaneous amendments.
Regulation 1 deals with citation, commencement and effect. Provision is made to allow a manager of an offshore fund to elect that the amendments made by regulations 3 to 8 and 12 should not apply in relation to a reporting period of the fund which has ended before the Regulations come into force.
Regulation 2 introduces the amendments to the principal Regulations.
Regulations 3 to 5 make consequential amendments.
Regulation 6 inserts regulations 72A, 72B and 72C which provide how the reportable income of a fund for a reporting period is to be calculated in the case of funds which do not operate equalisation arrangements.
Regulation 7 amends regulation 92 in relation to the information to be provided in the report to participants in respect of the amount of any excess treated as additional distributions made to participants in the fund and makes provision as to how those amounts to be reported are to be determined.
Regulation 8 makes consequential amendments omitting regulations 92A, 92B and 92C. Equivalent provision is now made in regulations 72A, 72B and 72C.
Regulation 9 amends regulation 94A to reverse the order in which equalisation amounts reduce actual distributions and amounts treated as additional distributions.
Regulation 10 makes a consequential amendment to regulation 99.
Regulation 11 makes a minor amendment for clarification to regulation 106 (reporting requirements).
Regulation 12 makes a consequential amendment to the index of defined expressions.
Regulations 13 to 15 make miscellaneous minor amendments relating to offshore funds. Regulations 13 and 14 update the reference to “material interest” to “an interest” which is now the appropriate term and up-date cross-references to other statutory provisions. Regulation 15 makes a minor amendment for clarification to the Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2001/1211).
A Tax Information and Impact Note covering this instrument was published on 20 March 2013 alongside Budget 2013 and can be found on the HMRC website at http://www.hmrc.gov.uk/budget2013/tiins.htm#2. It remains an accurate summary of the impacts that apply to this instrument.
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Mae Memoranda Esboniadol yn nodi datganiad byr o ddiben Offeryn Statudol ac yn rhoi gwybodaeth am ei amcan polisi a goblygiadau polisi. Maent yn ceisio gwneud yr Offeryn Statudol yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol, ac maent yn cyd-fynd ag unrhyw Offeryn Statudol neu Offeryn Statudol Drafft a gyflwynwyd ger bron y Senedd o Fehefin 2004 ymlaen.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys