Wednesday 8 April 1998
STEP BY STEP GUIDE TO SELF ASSESSMENT FOR THE UNIT TRUST INVESTOR
Do you fall within the self assessment tax regime? Are you a unit
trust or open ended investment company (OEIC) investor?
The Association of Unit Trusts and Investment Funds (AUTIF) has
updated its free guide
"Unit
Trusts and Tax – Completing your Tax Return. What you need to tell
the Taxman 1997/98". Designed to help unit trust and OEIC investors
understand how to correctly complete the ‘income’ section of their
tax return for 1997/98, it is a valuable step-by-step guide for
the self assessed tax payer (over 9,000 requests for the guide were
received in the last tax year).
Investors entitled to distributions, whether received, re-invested
or accumulated, are sent tax vouchers from their fund managers.
The guide illustrates both the tax voucher and the ‘income’ extract
from the tax return, and uses visuals to show investors what information
should be taken from the tax voucher and where it should be entered
on the tax return. The three types of income received: interest
distribution, dividend distribution and foreign income dividend
distribution are explained individually.
The 1997/98 guide is available FREE to members of the public from
the Unit Trust Information Service, 65 Kingsway, London WCB 6TD.
Telephone number 0181 207 1361 (24 hour service, seven days a week).
For IFAs interested in circulating copies to their clients, packs
of 10 are available for £5 (inc p&p). To place an order, IFAs should
contact AUTIF’s Marketing Assistant on 0171 831 0898.
For further comment please contact:
Emma Weiss, PR Manager, AUTIF, 0171 831 0898
Susie Poote, Communications Assistant, AUTIF, 0171 831 0898
Notes to Editors:
The deadline for the 1997/98 Tax Return is 30 September
1998 where the Revenue is to work out the individual’s tax liability;
or 31 January 1999 where the calculation is to be made by the tax
payer.
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