Here are some US Vanguard Funds that are HMRC Reporting funds!!

Hi

Does anyone know any UK fund supermarkets that sell these funds, and any SIPP providers.

Alliance Trust doesnt want US citizens by the look of things!

The Vanguard funds have CUSIP numbers so are the US funds. I'll check the actual numbers on Vanguard's site

Can one buy  US ETFs that are HMRC Reporting funds  through a UK financial firm and not fall foul of IRS PFIC regulations?

If so, can one determine a fund's CUSIP number from its ISIN?

Background: I put some money in an H&L stocks and shares ISA but didn't buy any funds once I found out about the PFIC issues. So I would like to just transfer my funds from my ISA into a regular fund and share account and buy some US EFTs. I looked at some of the Vanguard ETFs with CUSIPs listed as reporting funds by HRMC but when I tried to find them on H&L. The site doesn't seem to list CUSIPs  but list ISINs which seem to match apart from US prepended and an extra digit at the end? e.g.:

On HMRC spreadsheet: Vanguard Index Funds - Vanguard Mid-Cap Growth Index Fund - ETF Shares
CUSIP:   922908538
On H-L: Vanguard Index Fund Vanguard Mid-Cap Growth ETF
ISIN: US9229085389

On HMRC spreadsheet: Vanguard Index Funds - Vanguard Mid-Cap Growth Index Fund - ETF Shares
CUSIP:  922042742
On H-L: Vanguard Intl Equity Index Fund Inc Total World Stock ETF
ISIN: US9220427424

I'm not necessarily wedded to either H&L or Vanguard EFTs but it would be nice if I could use my UK salary to invest in funds that are both HMRC reporting and non-FPICs without having to convert funds to dollars and transfer them to my investment account in the US.

ttthw - that sounds promising; did you ever get an answer to this, here or elsewhere?

An HMRC reporting fund is a good thing as when you sell you'll be taxed by HMRC like on a UK fund, so you can claim the capital gains exemption and will be taxed at CGT rates and not marginal income tax rates. However, every year you should be including dividends and capital gains distributions from your Vanguard funds as given on your 1099DIV on your SA100 and or SA106, and of course any gains from the sale of the funds as shown on your 1099B.

Do you know if Capital Gains distributions from ETF's treated as regular income or Capital Gains by HMRC?

Most folks think that capital gains distributions have the character of income as they arise from an investment; at least this means one can claim the 10% notional credit in the UK and treaty resource in the US.

On HMRC spreadsheet: Vanguard Index Funds - Vanguard Mid-Cap Growth Index Fund - ETF Shares
CUSIP:   922908538
On H-L: Vanguard Index Fund Vanguard Mid-Cap Growth ETF
ISIN: US9229085389

On HMRC spreadsheet: Vanguard Index Funds - Vanguard Mid-Cap Growth Index Fund - ETF Shares
CUSIP:  922042742
On H-L: Vanguard Intl Equity Index Fund Inc Total World Stock ETF
ISIN: US9220427424

I'm not necessarily wedded to either H&L or Vanguard EFTs but it would be nice if I could use my UK salary to invest in funds that are both HMRC reporting and non-FPICs without having to convert funds to dollars and transfer them to my investment account in the US.

Yep those ETFs are from US Vanguard and sold in New York. You have done well to identify them by the CUSIP numbers. Make sure you don't buy UK Vanguard funds as you will run into PFIC issues. If you can but directly from Vanguard US you will save a bit of money.