Consolidated Regulations: Reporting Savings Income
The Reporting of Savings Income Information Regulations 2003 came into effect and was also modified with effect from 1 July 2005.
The PEP and ISA Managers Association (PIMA) has now launched a consolidation of the amending regulations with the primary 2003 regulations.
Consolidation of PEP, ISA and more recently CTF Regulations has proved popular and useful in PIMA member firms, and PIMA has now expanded the service to cover the regulations which implement the EU Savings Directive in the UK.
[b]PIMA Director General Tony Vine-Lott said:
“This is one of the continuing services we offer our members. Consolidating the regulations into a single location will allow managers ease of access, reduce the potential for compliance breach, and ultimately result in better service to their clients.” [/b]
[b]Notes to Editors:[/b]
PIMA – the PEP and ISA Managers Association – represents the interests of over 100 member firms including stockbrokers, banks, fund managers, life offices, building and friendly societies and third party administrators. PIMA’s primary activities include information, technical advice and assistance on PEP/ISA regulations and other tax initiatives; lobbying through political parties, HM Treasury, Inland Revenue and the FSA, for improvements to the ISA & PEP schemes and other tax incentivised saving and investment vehicles.
For more information and comment:
Tony Vine-Lott, PIMA
07790 006108
Iain Anderson, Cicero Consulting Jacob Coy, Cicero Consulting
020 7665 9532 020 7665 9535
077 8550 7045 079 0636 1970