"...managers of these “buyout” funds ... still pay tax at a sweetheart rate of 28% rather than the 47% they should pay... deal has continued for 36 years, at a cost to the Exchequer... of around £420m a year – enough to pay the salary of 16,000 nurses... HMRC has now conceded ... that the money ... “would be taxable" ... This admission means the policy can now be reversed – collecting back taxes – without the need for any legislation."
https://goodlawproject.org/update/private-equitys-sweetheart-deal-with-tax-authorities-was-always-a-charade/?mc_cid=c0eca26a4a
#tax #HMRC #carriedInterest