KPMG

The UK's tax regime for investors in offshore funds was updated in 2009. Previously, to complete their tax returns, UK investors required information on distributions paid by the funds; since 2009, they have needed to know in addition the amount of income generated by the fund that has not been distributed. Each year, funds are required to make reports containing this available to their investors and they have done so in different ways, typically on their fund manager's website or by delivering paper versions.

Also known as: KPMG International Limited, KPMG LLP

Primary location: United Kingdom