2006-2007 TAX RETURN DEADLINE LOOMS

With less than a month to go before the 30^th September tax return deadline, which allows you to have your tax bill calculated for you, IMA has produced a free guide "Investment Funds and Income Tax.  Completing your Tax Return.  What you need to tell the Taxman 2006-2007."

The guide helps unit trust and OEIC investors understand what information to report to HM Revenue & Customs (HMRC) when filling in their tax return.

Complete with extracts from HMRC's 2006/2007 tax return form, this year's guide includes, for the first time, instructions on how to provide information on distributions from offshore funds.

Mona Patel, Head of Communications at IMA explains:

"Many investors are uncertain about what to report in their tax return.  This guide makes life easier by explaining what to include.  A checklist helps to ensure that investors gather together all of the documentation they require to complete the form as quickly as possible."

A copy of "Investment Funds and Income Tax. Completing your tax return. What you need to tell the taxman 2006-2007" can be found here.

-Ends-

For further information, please contact:
Mona Patel, Head of Communications, IMA, 020 7831 0898

Out of hours contact:
Mona Patel, Head of Communications, IMA, 07834 089332

Notes to Editors:
Copies of the free fact sheet can be obtained from the IMA's Investment FactLine on 020 7269 4639, or from the IMA website at: www.investmentuk.org/investors