Published

MFA Submits Comment Letter to Her Majesty’s Revenue and Customs on their Intention to Expand the Investment Transactions List for the Investment Management Exemption and other Fund Tax Regimes

On July 18, 2022, MFA submitted a comment letter to Her Majesty’s Revenue and Customs (HMRC) on their intention to expand the Investment Transactions List (ITL) used for the purposes of the Investment Management Exemption (IME) to include crypto assets.

MFA supports the measure to expand the ITL to include certain types of crypto assets for purposes of the IME. We believe that the measure would advance HMRC’s stated policy goals related to tax certainty and national competitiveness.