London, 6th January 2021 – Exchange Data International (EDI) has partnered with Financial Software Limited (FSL) to provide trusted data on complex investment vehicles. With HMRC clamping down on offshore funds tax avoidance, there is a demand for the Offshore Reporting Funds service which is fully tailored to your fund universe.
The Offshore Reporting Funds service provides a full dataset of various frequency equalisations, and identification of dividend and interest, which can potentially reduce Income and Capital Gains Tax.
FSL has transformed the time-consuming, labour-intensive task of identifying funds and determining tax liabilities into a simpler, streamlined process.
Jonathan Bloch, CEO of EDI, added “EDI is pleased to be working together with Financial Software Limited in making available their data on Offshore Reporting Funds. This data is usually only available very expensively from major accountancy firms and this dissemination should begin to break their hold on this marketplace.”
About Financial Software Limited
FSL has been producing and implementing market-leading software since its foundation in 1994. Their core product, CGiX, is an investment tax management solution and capital gains calculator. In 2019, they were proud to have retained the “Best Capital Gains Tax System” at the Goodacre Systems in the City awards. FSL work with over 100 organisations across the UK and Europe and provide services to 7 of the Top 10 UK wealth management providers by AUM. Their clients include Tier 1 and Tier 2 Investment Banks; Private Banks; Wealth Management firms; Specialist tax consultancies and third party administrators.
About Exchange Data International
Exchange Data International helps the global financial and investment community make informed decisions through the provision of fast, accurate, timely and affordable data reference services. EDI’s extensive content database includes worldwide equity and fixed income corporate actions, dividends, static reference data, closing prices and shares outstanding, delivered via data feeds and the Internet. The firm covers all major markets with special emphasis on emerging and frontier markets e.g. Africa, Asia, Far East, Latin America and the Middle East.
EDI is based in London, with offices in New York, India, and Morocco.