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.
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Famous quotes containing the words manage, tax and/or returns:
“We are not just here to manage capitalism but to change society and to define its finer values.”
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“I come into the peace of wild things
who do not tax their lives with forethought
of grief.”
—Wendell Berry (b. 1934)
“So cruel prison how could betide, alas,
As proud Windsor, Where I in lust and joy
With a king’s son my childish years did pass
In greater feast than Priam’s sons of Troy?
Where each sweet place returns a taste full sour;”
—Henry Howard, Earl Of Surrey (1517?–1547)