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

Two percent minimum tax on richest households could raise £10 billion

The UK's richest households have become dramatically wealthier over recent decades while often facing lower effective tax rates than ordinary workers.

Burnham inherits rising IHT and CGT revenues as wealth tax debate grows

Burnham has previously argued for reform of wealth taxes and has expressed support for alternatives to the current inheritance tax system, although any significant changes would need to be carefully balanced against the government's wider economic pr

UK Payments on Account explained: Why HMRC wants more tax early

Many taxpayers are surprised when they file their Self-Assessment tax return, settle their tax bill, and then discover that HMRC is asking them to make an additional payment towards next year's tax liability.

IHT receipts hit record high of £2.3bn

Income tax, capital gains tax (CGT) and National Insurance Contribution (NIC) receipts for April 2026 to June 2026 were also at a record high at £132.1bn – an increase of £11.4bn.

HMRC whistleblower scheme could apply to 1,200 tax cases a year

Investigations producing returns of that size are likely to involve large companies, wealthy individuals or tax avoidance arrangements.

Baker Tilly International ranks among the world's top 10 M&A advisers

The network also ranked 5th globally in small-cap M&A, underlining its continued strength in supporting mid-market and small-cap transactions worldwide.

Rahul Sahgal about OECD tax: «Switzerland's attractiveness is eroding»

Rahul Sahgal, CEO of the Swiss-American Chamber of Commerce, which commissioned the study, accepts that some companies could then face top-up taxation.

One in five taxpayers dragged into income tax since threshold freeze

The result is that tax bands originally aimed at high earners increasingly capture ordinary professionals, while ministers can raise billions without ever having to announce a tax rise.

Frozen tax thresholds push higher-rate taxpayers to 7.7m

HMRC forecasts the number of higher-rate taxpayers will rise from 5.75 million in 2023/24 to 7.70 million by 2026/27.

Removing tax from food could cost £14m - minister

An assessment found those with the lowest household income would save 12% per year compared to the highest household saving 28%.

A modern replacement? New UK-NZ tax treaty signed

These are headline treaty rates only.

1 in 2 small businesses unprepared for new digital tax deadline

The findings come as sole traders and landlords move to HMRC's MTD for Income Tax requirements, which asks eligible taxpayers to maintain digital records and submit quarterly updates using compatible software.

“Why don’t we scrap tax returns?” Deputy proposes radical overhaul to clear 20,000 backlog

Deputy Collins said when it came to “doing tax forms the only way we’re going to catch up is to stop doing it”.

Andy Burnham's Property Tax Reform: What High Net Worth Individuals Need to Know

His long-standing commitment to overhauling property and land taxation could have material consequences for those at the upper end of the market.

Artificial intelligence and tax disputes: top five risks for trustees using AI

AI is already being used by trustees and their advisers in tax compliance and dispute work, and in some cases for tax planning.

How to use offshore savings to cut inheritance tax like the wealthy

High earners are increasingly turning to offshore bonds to shield their estate from the taxman

The £100,000 tax trap

Most UK taxpayers are familiar with the three main income tax bands: the basic rate, the higher rate, and the additional rate.

Families receive nearly £600m in Tax-Free Childcare top-up payments

This scheme, designed to help with childcare costs, now benefits an all-time high of 868,095 families.

Tax gap widens as the complexity of the system starts to bite

The issue is particularly concentrated among smaller businesses, which now make up 62% of the overall gap.

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.