The Offshore Funds (Tax) (Amendment) Regulations 2009
These Regulations amend the Offshore Funds (Tax) Regulations 2009 which make provision for the tax treatment of participants in offshore funds. These Regulations have effect from the same days as the Offshore Funds (Tax) Regulations 2009 have effect. Authority for this limited retrospective effect is provided by section 42(5) of the Finance Act 2009.