Will this tax filing plan pass muster?

But the point I am making is that is costing Vanguard a huge amount of dough to remain AIFMD & OIG compliant - unless they have a wealthy backer they could decide that the UK is not their core market and pull the US business out of the UK with no notice at all (as other US based investment houses have been doing), potentially leaving thousands of UK based investors with higher tax bills than expected.

Well Vanguard is very cost sensitive so they obviously think it's worthwhile to be HMRC reporting so UK investors can buy the ETFs through H&L. I wonder if other UK platforms offer US Vanguard ETFs. If for some reason they were ever to loose that status it would be annoying and there'd be some scrambling and it would not go down well with people who bought the ETFs through H&L. The fact that the ETFs can be bought by regular retail UK investors is good as they would be effected by any changes.


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I'm almost certain I just heard a few of my synapses exploding.....  

I'm also having flash backs to the elementary school word problems in math - you know, the ones about trains leaving stations and meeting somewhere in the middle?  Heck, what did I know about trains?!?  I lived in Hawaii for goodness sake!!!

Ahhh, sorry for the rant, but WOW this stuff is confusing!  I think it has to do with all the acronyms and form #'s etc., but I feel like I'm trying to wade through a different language with a faulty translator...  

Okay, enough of that - I do actually have a question. 

Am I correct that the issue with HMRC listed funds has to do with complications over withholding and reporting requirements and not an actual increase in tax owed for non listed ones?  Not that I'm minimizing the value of keeping things simple, I'll do a lot for simplicities sake, but I'm trying to understand why this matter is so urgent.

Now, I'm going to go get my blankie and hide in the wardrobe for awhile......  

If the fund isn't HMRC reporting it does have some effect on how it's taxed in the UK. You don't get a capital gains tax allowance and all gains are taxed at your marginal income tax rate.


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If the fund isn't HMRC reporting it does have some effect on how it's taxed in the UK. You don't get a capital gains tax allowance and all gains are taxed at your marginal income tax rate.


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Okay, that makes sense.... I'll just have to avoid the non reporting funds and get out of the one I think I have now.

I really do have an awful lot to learn, thank you so much for all your help. 

Okay, that makes sense.... I'll just have to avoid the non reporting funds and get out of the one I think I have now.

I really do have an awful lot to learn, thank you so much for all your help. 

You are planning and avoiding potential issues, that puts you miles ahead of many people.