In the asset management sector, the various compliance obligations applicable to an investment fund can present significant challenges and resources requirements for investment managers. Managing multiple service providers, disparate data sources, and manual processes often results in inefficiencies and increased risk exposure.
From a tax perspective the obligations arise across three different levels - fund level, investor level, and investment level.
Understanding the full range of requirements and opportunities is fundamental to the ongoing operation of the fund.
Introducing KPMG Fund HUB
Recognising these challenges, our Fund HUB offers a comprehensive solution tailored to address the specific needs of funds and their asset managers. By centralising all tax compliance services into a single platform, our Fund HUB streamlines processes and eliminates the complexities associated with managing multiple vendors.
Powered by advanced technology, including Power BI dashboards and reporting, Fund HUB provides clients with real-time visibility into workflow status and actions. This transparency enables informed decision-making and reduces time required from the investment manager.
By simplifying processes and reducing administrative burdens, Fund HUB empowers asset managers firms to focus on core business activities while ensuring compliance with regulatory requirements.
The model will include multiple reporting requirements and tax compliance services across the full spectrum of the fund life cycle – an overview of the breadth of our services offering is set out below:
Our services - click to explore
Investor level – obligations in respect of investors in the fund e.g. reporting of information to investors to ensure they achieve a tax efficient outcome in respect of the return they earn from the fund.
Investor tax reporting across all key investor tax reporting jurisdictions including:
- UK Reporting Fund regime
- Austrian tax calculations & OeKB reporting
- Swiss taxable income calculations
- US investor requirements (PFIC or K1, as applicable}
- Belgian / Italian / German tax calculations (including regulatory reporting where relevant)
Client Benefits: Overview
Streamlined Compliance
Fund HUB consolidates all tax compliance services into one integrated platform, reducing the need for multiple service providers and simplifying the compliance process.
Customised Reporting
Tailored reporting capabilities within Fund HUB enable clients to generate custom reports based on their specific requirements, providing insights for strategic planning and compliance management.
Central Point of Contact
With Fund HUB, clients have a single point of contact for all their tax compliance needs, eliminating the hassle of coordinating with multiple vendors.
Scalability
Whether managing a small portfolio or a large-scale operation, Fund HUB is designed to scale according to the needs of the client, accommodating growth and evolving tax and regulatory requirements seamlessly.
Real-Time Visibility
Gain instant access to live status updates of workflows and actions through Power BI dashboards and reporting, ensuring transparency and informed decision-making.
Expert Support
Access to a team of tax experts and professionals ensures that clients receive expert guidance and support throughout their compliance journey, providing peace of mind and confidence in their tax obligations.
Efficiency and Time Savings
By automating processes and providing a digital platform, Fund HUB saves valuable time for asset management professionals, allowing them to focus on core business activities.
Global expertise
Capability across all fund distribution jurisdictions
Although we provide a single point of contact / relationship model, Asset Managers will have access to the full range of local and international experts when needed (e.g. to deal with specific investor queries).
We have many years experience providing multi-jurisdictional solutions to our asset management clients. We have close working relationships with our teams across many different clients, meaning that they will be available to your clients irrespective of the number of funds.
Our tax experts work closely with you and our managed services team, who have many years experience delivering on complex projects. This will ensure process efficiencies and ultimately a better overall experience.
Click the countries highlighted below to view our services in each jurisdiction.
UK Tax Reporting
- Annual RF calc & registration
- Bond fund v non bond fund analysis
- Prospectus updates
France Tax Reporting
- No revenue authority reporting requirements
- Investors may require personalised data
Belgian Tax Reporting
- Asset test (debt ratio)
- Belgian Net Asset Test (BNAT)
Spanish Tax Reporting
- Traspaso
Italian Tax Reporting
- Italian Reduced Rate %
Finnish Tax Reporting
- No revenue authority reporting requirements
- Investors may require personalised data
Danish Tax Reporting
- Option to obtain different status
German Tax Reporting
- Equity ratio
- Status certificate
- Regulatory reporting
Austrian Tax Reporting
- Annual reporting
Swiss Tax Reporting
- Reporting of taxable income
Irish Tax Reporting
- Reporting of taxable income
Additional markets include:
View our dashboards
Through our proprietary platform “Fund HUB” and automated Power BI dashboards, we provide our clients a seamless user experience, and a full portfolio overview through real-time status updates.
- Real-time visibility
- Filter for priority tasks
- Full portfolio overview
- Deadlines & filings
Get in touch
We deliver the results you require. If you have an upcoming project that your business needs assistance with, please contact any member of our team below for an initial conversation. We'd be delighted to hear from you.
