The government has launched a review of the taxation and regulation of UK funds.

The call for input closes on 20 April.

As part of his 2020 Budget, Chancellor Rishi Sunak announced that the government will carry out a review of the UK funds regime, covering tax and relevant areas of regulation.

The review will consider reforms which could provide the potential to enhance the UK’s attractiveness as a location for asset management and for funds in particular.

The review started with a consultation on the tax treatment of asset-holding companies in alternative fund structures, which the government responded to in December.

The latest call for input sets out the scope and objectives of the review, as well as inviting views on which reforms should be taken forward and how these should be prioritised.

It is seeking views on expanding the UK asset management industry, supporting fund-related jobs across the UK, and enabling investors to meet their goals. It covers direct and indirect tax as well as all “relevant areas of fund regulation.”

The government said it “welcomes views from all interested parties.” 

The full call for input can be found here. You can respond by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.