UK Digital Tax Regime to Include Private Equity Managers (1)

UK private equity fund managers will have to report quarterly income and expense updates under new tax authority rules from next year.

Disguised investment management fees or income-based carried interest are profits which would count as qualifying income under the UK’s Making Tax Digital for Income Tax regime, Stephen McKeown, external agent engagement and readiness manager at His Majesty’s Revenue and Customs, said Tuesday.

He spoke at a webinar by the Institute of Chartered Accountants of Scotland on MTD.

Carried interest is the share of profit from investments that private equity fund managers receive as incentives.

From April 2026, ...