INVESCO US TREASURY DIST
Excess reportable income, period by period, as Invesco published it. 6 reporting periods from 31 December 2019 to 31 December 2024, of which 2 are a published nil.
“INVESCO US TREASURY DIST” and the tickers TRES, TRSG are the London listing as OpenFIGI publishes it (retrieved 2026-09-20). That is an exchange short name, not the fund's full legal name. A different share class of the same fund has a different ISIN and a different excess per unit, so check the ISIN above against your contract note.
ERI is income you never received, and it lifts your cost base
A reporting fund can keep income instead of paying it out. You are taxed on the retained amount anyway: it is treated as arising to you on the fund distribution date, six months after the reporting period end (SI 2009/3001 reg 94(4)), and it goes on that year's return with no cash to show for it.
The same amount then increases the cost of your holding for Capital Gains Tax. That is what stops the money being taxed twice. Report the income and forget the uplift and you pay CGT on income you have already paid income tax on. Neither half appears on a broker's consolidated tax certificate, which is why it gets missed.
Every reporting period we hold for IE00BF2GFH28
| Reporting period end | ERI per unit | ERI per unit in £ | Fund distribution date | Tax year |
|---|---|---|---|---|
| 31 December 20242024-12-31 | USD 0.0086 | £0.006412at HMRC USD 1.3412 to £1 for June 2025 | 30 June 2025 | 2025/26 |
| 31 December 20232023-12-31 | nil | nil | 30 June 2024 | 2024/25 |
| 31 December 20222022-12-31 | USD 0.0138 | £0.011160at HMRC USD 1.2366 to £1 for June 2023 | 30 June 2023 | 2023/24 |
| 31 December 20212021-12-31 | nil | nil | 30 June 2022 | 2022/23 |
| 31 December 20202020-12-31 | USD 0.0031 | £0.002191at HMRC USD 1.4146 to £1 for June 2021 | 30 June 2021 | 2021/22 |
| 31 December 20192019-12-31 | USD 0.0022 | £0.001793at HMRC USD 1.227 to £1 for June 2020 | 30 June 2020 | 2020/21 |
Sterling figures are shown to six decimal places; the calculator uses the unrounded value. The rate applied is HMRC's monthly rate for the month the income arises, which is the month the TaxBull calculator uses for the same figure. It is always an HMRC monthly rate, never a broker's rate and never a market feed (CG78310).
What 1,000 units would mean
If you held 1,000 units of INVESCO US TREASURY DIST on 31 December 2024, the reporting period end, then:
- £6.41 of excess reportable income arises on 30 June 2025, the fund distribution date, and belongs on your 2025/26 return, even though no money reached you and nothing appeared on a dividend voucher;
- and £6.41 is added to the cost of that holding, so the same money is not taxed again as a gain when you sell.
Workings: 1,000 × USD 0.0086 = USD 8.60, ÷ 1.3412 (HMRC's June 2025 rate for USD) = £6.41. The excess is per unit, so 100 units instead of 1,000 divides every figure by ten.
What catches people out
Selling before the period end does not always get you out of it
Regulation 94(3A) of SI 2009/3001: if you sold units on or before the reporting period end and bought them back within 30 days, you are deemed to have held them at the period end anyway, so the income is charged. The uplift on those units goes onto the repurchase, not into the Section 104 pool, because the repurchase is what the earlier disposal is matched against under the 30-day rule. Sell and stay out for 31 days and the period is genuinely not yours.
Dividend or interest is not in this data, and it changes the rate you pay
A fund that fails the qualifying investments test (broadly, more than 60% in interest-bearing assets) pays its excess as interest rather than as a dividend (ITTOIA 2005 s378A). Interest is taxed at your income tax rate with the personal savings allowance, not at dividend rates with the dividend allowance. Nothing in this dataset says which a fund is. The manager's own report does, and a bond fund's excess taxed as a dividend is the wrong tax at the wrong rate. In the calculator you can classify a holding as an interest fund and the figures follow; unclassified, it is treated as a dividend and the report says that it assumed so.
The cost uplift also belongs to units you have already sold
The uplift attaches to the units you held at the period end. If you have since sold the whole holding, the uplift does not disappear. It belonged to the cost of what you sold, and leaving it out overstates the gain. The calculator applies it as a dated adjustment on the distribution date, so a disposal made before the period end never picks up a slice of it.
Where this figure came from
Manager: Invesco. Periods held here: 31 December 2019 to 31 December 2024. Currency as reported: USD.
These are the manager's own published UK reporting-fund figures, taken from the documents it publishes. A period that is missing from this page is missing, not nil: if the manager published one we do not hold, the figure is still yours to report.
The link held for this manager's own reporting-fund page no longer works: etf.invesco.com/gb/private/en/tax-information now redirects to Invesco's US site (checked 2026-09-21). Search Invesco's UK ETF site for its reporting fund / UK tax information page.
Put this on a return
Upload your broker CSV and the calculator applies excess reportable income for every fund it can identify: the income row in the right tax year, and the Section 104 uplift, alongside same-day, 30-day and pooling. A period it does not hold is named rather than treated as nil. The guide explains the matching rules.