Collective Investment Schemes
The types of Collective Investment Schemes and the tax treatment of investors have been updated on the HMRC website.
Details on the type of Collective Investment Schemes are available at http://www.hmrc.gov.uk/collective/scheme-types.htm.
Details on the tax treatment of investors are available at http://www.hmrc.gov.uk/collective/treatment-investors.htm.
The definition of an Offshore Fund has been updated in the Collective Investment Schemes documentation on the HMRC website to take account of changes in Finance Act 2007. The updated pages are available at http://www.hmrc.gov.uk/collective/def-offshore.htm.