The Lemon Fool

From the VF Plc Excess Reportable Income 30 June 2022 report, it seems to show that both the above funds do NOT have any ERI.

There was ERI last year.

It seems odd.

It seems that the link for the report was incorrect as it now (a few minutes later) says that the report will be available at the end of June.

So there will be ERI.

feder1 wrote:From the VF Plc Excess Reportable Income 30 June 2022 report, it seems to show that both the above funds do NOT have any ERI.

There was ERI last year.

It seems odd.

Sorry for the ignorance, is ERI relevant if VUKE & VWRL are within an ISA ?

Thanks

scotview wrote:Sorry for the ignorance, is ERI relevant if VUKE & VWRL are within an ISA ?

No. Nothing is "reportable" within an ISA (or SIPP) for tax purposes.

scotview wrote:

feder1 wrote:From the VF Plc Excess Reportable Income 30 June 2022 report, it seems to show that both the above funds do NOT have any ERI.

There was ERI last year.

It seems odd.

Sorry for the ignorance, is ERI relevant if VUKE & VWRL are within an ISA ?

Thanks

No it is only relevant in a taxable account

feder1 wrote:It seems that the link for the report was incorrect as it now (a few minutes later) says that the report will be available at the end of June.

So there will be ERI.

Are you sure this isn't the reporting period to June 2023 that is coming soon? If so it is paid Dec 2023 so in the current tax year (AIUI).

The link here
https://www.vanguardinvestor.co.uk/inve ... nformation
contains info for the reporting period to June 2022 which is the 31 Dec 2022 payment showing zero ERI, which is what I used for my SA last week as I have unsheltered holdings.

DrFfybes wrote:

feder1 wrote:It seems that the link for the report was incorrect as it now (a few minutes later) says that the report will be available at the end of June.

So there will be ERI.

Are you sure this isn't the reporting period to June 2023 that is coming soon? If so it is paid Dec 2023 so in the current tax year (AIUI).

The link here
https://www.vanguardinvestor.co.uk/inve ... nformation
contains info for the reporting period to June 2022 which is the 31 Dec 2022 payment showing zero ERI, which is what I used for my SA last week as I have unsheltered holdings.

Surely the point is that it is not paid. It is the excess of fund income over what was paid out. So the correct treatment is to record it as income in the tax year as you describe but also as an increase in the acquisition cost of your holding for CGT purposes. I don't know why they don't simply distribute it and then this palaver would not arise!

scrumpyjack wrote:

DrFfybes wrote:
Are you sure this isn't the reporting period to June 2023 that is coming soon? If so it is paid Dec 2023 so in the current tax year (AIUI).
.

Surely the point is that it is not paid.

OK - as you wish to be so pedantic, how about.. "If so it is Distributed Dec 2023 so in the current tax year" (as that is what Vanguard Actually say on their spreadsheet)

That better?

I'm not trying to be pedantic but it is NOT distributed and the column showing the ERI is headed 'Excess of Reportable Income over Distribution'.
They say it is 'deemed to have been received' on a specific date so you can put it in the correct tax year if you held the security on that date.

You never receive the ERI in cash, which is why the amount should be added to the cost of your holding.