Managers of Wealth Europe

EU transaction tax ‘very likely’ after Brexit

Schroders economist Azad Zangana says tax harmonisation also on the cards with France in the driving seat

Tax purge slashes flow of offshore pension cash

Charges on transfers to Qrops schemes cut to £1.4m in 2017-18

Grant Thornton to create 48 jobs in Belfast

"More recently, we have witnessed a significant uplift in the provision of strategic consulting advice, including in relation to Brexit"

HMRC tax move killing off Qrop transfers

When the 25 per cent tax charge for Qrops transfers was introduced in the March 2017 Budget, the government published figures suggesting that the charges would raise £65m for the Exchequer in 2017 to 2018.

Where in the World Is Denmark’s $2 Billion?

This outpost of SKAT, as the I.R.S. in Denmark is known, seems an improbable setting for what the authorities call one of the great financial crimes in the country’s history.

Belgium: New register of ultimate beneficial owners introduced

Those responsible for reporting UBO information must provide a complete and accurate identification of UBOs

Liechtenstein, Peru removed from “grey” list of noncooperative jurisdictions

The listing process is part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation, within the EU and globally

Past tax advice cannot justify offshore non-compliance

Reasonable excuse less likely to work as mitigation under failure to correct regime

HMRC wins capital gains tax battle

Private residence relief exempts a taxpayer from capital gains tax if they sell a property which has been their main residency for the time in which it was owned.

Could an increase in stamp duty for non-UK residents work in practice? by Andrew Hubbard

But is tax residence the most appropriate test?

55% of FTSE100 currently fail to publicly mention tax evasion

Failure to comply with the new law could result in unlimited financial penalties, ancillary orders such as confiscation orders or serious crime prevention orders, and serious reputational damage.

'Game over': Macquarie's German tax scandal

Even with such a return, there had been a detailed approval process of convincing the Macquarie Bank board and its chief executive Nicholas Moore that the deal was worth the risks.

UK introduces new penalties for overseas investors dodging tax

Any individuals who have paid the incorrect amount of tax on overseas income in previous years must have corrected their tax returns by the deadline, or the potential fine will double to 200% of tax owed.

2019 finance bill contains BEPS / EU ATAD 1 measures - Deloitte

Parliamentary discussions on the proposals are scheduled to begin on 15 October and be finalized by the end of 2018 so that they generally would be effective as from 1 January 2019.

Tax raised by lifetime allowance increased by 2,000%

Over the past decade the annual allowance has plummeted from £215,000 to just £40,000.

Commission finds no impermissible state aid in Luxembourg tax ruling case

The European Commission announced on 19 September 2018 that the non-taxation in Luxembourg of certain profits allocated to the US branch was in line with domestic tax law and the Luxembourg-US tax treaty.

The UK’s Requirement to Correct: game changer or damp squib?

With only days left for HNWs to get their tax affairs in order, barrister Tessa Lorimer asks if HMRC's new crackdown on offshore has teeth

Newton adopts Eagle’s accounting solution

Earlier this year Newton completed its migration onto Eagle ACCESSSM, Eagle’s secure private cloud to support its business growth and improve agility.

EU tax haven blacklist blocks just 1% of financial secrecy services threatening EU economies

On average, EU member states have put in place treaties that give their tax authorities power to retrieve some information in respect of 82 per cent of the financial secrecy services facing their countries, according to the Tax Justice Network’s res

Clock ticking on offshore income declarations in UK

HMRC has been issuing large numbers of warning letters both to taxpayers and their advisors