J.P. Morgan Worldwide Securities Services (WSS) has launched a tax calculation and reporting service for UCITS funds distributed into the UK.
The service, delivered through J.P. Morgans tax reporting system, Fund Tax Reporter (FTR), provides investor tax information in compliance with UK regulations and guidelines. FTR is fully integrated with J.P. Morgans fund administration services, enabling fund promoters to distribute their products to the growing number of countries that require tax reporting for end investors.
The UK service currently calculates tax for over 320 funds and over 2000 share classes across the WSS client base.
(JDC)