Disguised management fees – final draft rules published

In the Autumn Statement in December 2014, the Government announced plans to introduce legislation to ensure that guaranteed amounts received by individuals from fund management activities were liable to income tax and NICs.

The final draft rules were published with the Finance Bill on 24 March and we do not expect these rules to change before coming into force on 6 April 2015.

This note summarises the changes from the original draft rules and our view on the answers to the key questions raised by the new rules.

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