Manage Tax Returns
In the UK, investment clubs are required to submit an HM Revenue and Customs tax return called Form 185 to HMRC for each club member each tax year. Form 185 provides a statement of the club's income and capital gains, along with the member's proportionate share of those income and gains. The allocation of gains is typically calculated using the UVS.
Read more about this topic: Investment Club Software
Famous quotes containing the words manage, tax and/or returns:
“There is a high road to Heaven which few people travel; Hell hath no door, but many manage to burrow their way in.”
—Chinese proverb.
“What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Under the spell of moonlight, music, flowers or the cut and smell of good tweeds, I sometimes feel the divine urge for an hour, a day or maybe a week. Then it is gone an my interest returns to corn pone and mustard greens, or rubbing a paragraph with a soft cloth.”
—Zora Neale Hurston (1891–1960)