- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Key VAT updates for June 2026

Many such businesses have experienced this temporary change before – during the pandemic when the temporary reduced rate had wider scope than it does for the current implementation, and it was in place for a much longer period.

IHT receipts soften again in May but long-term tax pressures continue to build

We are also now firmly in the final year where pension wealth remains outside the scope of Inheritance Tax

Fears QROPS could become subject to UK inheritance tax

Concerns have been raised that pensions caught under the Qualifying Recognised Overseas Pension Schemes could be subject to the UK’s inheritance tax.

HMRC IHT late-filing penalties jump by a third

The firm said the increase is being driven in part by a growing number of families attempting to complete IHT returns without professional advice, often underestimating the amount of information required.

Wealth taxes ‘almost inevitable’ because of AI

Soaring gains from tech shares will fuel political demand for levies on capital

Utmost warns tax on wealthy non-resident property owners will be detrimental to UK

The government is mulling plans to levy an additional non-resident premium on expats who own properties worth more than £2m

HMRC letters landing from Monday to 4m and adds 'you must respond'

Some people need to reply to the letter which is being sent out from June 1 to workers

Modernising the tax framework for financial institutions and financial services

The paper calls for decisive action to simplify and modernise the EU tax framework applicable to financial institutions in order to strengthen Europe’s competitiveness, growth capacity, and strategic autonomy.

Five pension tax-free cash myths and misconceptions

Taking it is also often the first thing that savers think about doing with their pension.

Grant Thornton relocates Cambridge office amid continued growth

With Cambridge’s historic ties to education and scientific research, the regional team plays a key role in advancing digital innovation across the UK firm, helping to embed data-led ways of working.

Six concluding thoughts

The Monday Briefing

HMRC tax take hits £87.3bn as fiscal drag drives record PAYE

Quilter tax and financial planning expert Rachael Griffin said the figures “reflect the ongoing impact of frozen income tax thresholds”.

April sees softer CGT and IHT receipts but tax pressures continue to build

The start of a new tax year typically offers a reset for household finances, but that is increasingly not the case.

Six costly inheritance tax mistakes families must avoid

Head of estate planning Ian Dyall: Watch out for these commonplace ‘DIY estate planning’ misconceptions and oversights

Ukraine, Germany sign new double taxation avoidance agreement

The new agreement updates taxation approaches in accordance with Organization of Economic Cooperation and Development standards and changes tax rates on passive income in the source state.

Hold and review: An approach for investments and tax

Circumstances may change and regular review is crucial, but the aim is to accrue value over time.

Why inheritance tax proves Britain is grotesquely unequal

The real question is not whether the government can afford to, or should, tax wealth.

Utmost warns UTT extension could fuel further exodus of wealthy individuals

The Uncertain Tax Treatment rules were first introduced in 2022 to close the tax gap

Seizing the 2027 Mandate: How advisers can capitalise on the end of pension IHT exemptions

Capitalising on this shift will mean looking beyond the technicals and viewing it through with a growth and transition lens.

Frozen thresholds drive millions into higher tax bands | Additional rate taxpayers rocket 57%

“HMRC data reveals how the powerful tide of fiscal drag is increasing the UK tax burden by sweeping millions into higher tax brackets, and into paying tax for the first time"