Politics & Regulation Tax & Legal

JP Morgan launches UCITS tax service

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JP Morgan’s Worldwide Securities Services has announced the launch of its tax calculation and reporting service for UCITS funds distributed into the UK.

The UK service currently calculates tax for more than 320 funds and 2000 share classes across the WSS client base.

The service, delivered through JP Morgan’s proprietary tax reporting system, Fund Tax Reporter, provides accurate and timely investor tax information in compliance with HM Revenue & Customs and HM Treasury regulations and guidelines.

The tax reporting system is fully integrated with JP Morgan’s fund administration services, enabling fund promoters to distribute their products to the growing