Offshore Funds (ERI)¶

For correct taxation on offshore funds you need to specify the yearly excess reported income (ERI) from each fund you have owned. You can find the full list of funds that requires this at HMRC.

The tool already includes such yearly history in the resources folder. You can check if your fund is already included, or provide a custom ERI history file following the instructions in Providing custom ERI data. We strongly suggest sharing compiled ERI data so it can be added to the package as it can save significant time to other users that hold the same fund.

Bundled data¶

Currently bundled data:

The ERI funds are indexed by ISIN and the tool provides automatic translation from ISIN to tickers, in case your broker doesn't supply the ISIN in their transaction history. For instructions on how to override ISIN translation see the ISIN to ticker translation entry on the Configuration files page.

Unsupported functionality¶

There are a few unsupported functionalities at the moment for taxation on offshore funds:

Tax calculations for offshore funds that are not reporting to HMRC as they don't report taxes as CGT but as income tax.
Excess Reported Income equalisation support which is an optional arrangement which certain funds can support to reduce the amount of excess reported income in case you held the fund stocks for less than the reporting period.

Providing custom ERI data¶

If your fund isn't in the bundled data above, you can compile a custom ERI history file. See Providing custom ERI data for the ERI_RAW format and where each provider publishes its reports.