Offshore Reporting Funds

The Offshore Reporting Funds service provides clients with access to accurate, trusted and up-to-date data on these complex investment vehicles, for timely submission of HMRC tax forms.

Offshore Reporting Funds transform the time-consuming and labour-intensive task of identifying funds and determining tax liabilities into a streamlined process.

A single trusted source

THE OFFSHORE REPORTING FUNDS SOLUTION

  • Comprehensive proprietary database of Fund Manager contact details (including niche Hedge Funds)
  • On many Fund Managers’ distribution lists for additions and updates
  • Historic fund data
  • Data available in reference spreadsheet format and CSV and XML import files
  • Bespoke service tailored to client requirements providing the exact data required on specific fund universes
  • Diverse client base including wealth management companies, private banks and outsourcers
  • The service is competitively priced and not restricted to CGiX clients

POTENTIAL INTEGRATION WITH FSL’S CGiX SOFTWARE

  • CGT and income tax reports including identification of asset type for Income Tax, and classification for Capital Gains Tax
  • Adjustments made to avoid double-taxation
  • Identification of client eligibility based on reporting period and fund distribution dates
  • Development of CGiX import file and processing of Group 1/2/Equalisation based on client requirements

OFFSHORE FUND DATA COVERAGE

  • Excess Reportable Income (ERI)
  • Equalisations
  • Distributions (Dividend/Interest)
  • Relevant dates (Ex Date, Pay Date)
  • Reporting Period
  • Whether the fund remains a reporting fund
  • Currency conversions as per HMRC guidance

Our dedicated Data Analysis team is available in person and over the phone to provide additional support.