If you invest in UK Reporting Funds you must declare certain income from these on your tax return each year.
How will I know whether I have invested in a UK Reporting Fund?
HMRC have provided a list of all UK Reporting Funds on their website . You’ll need to check if any of the funds you invest in are on this list.
How can I check for Excess Reportable Income (ERI) in these funds?
Details of this Excess Reportable Income will be available on each fund manager’s website.
What if I hold Reporting Funds in my ISA or SIPP?
There is no need to declare Excess Income on your tax return if you invest in the funds in your ISA or SIPP.