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

UK To Clamp Down On Non- Disclosure Jurisdictions

Investors who move money to non-disclosure jurisdictions will be kept in check by new rules from the UK tax authorities, which plan to make it a criminal offence to evade offshore tax.

HMRC removes some advantages of voluntary disclosure - Withers

The original purpose of the LDF when it was launched back in 2009 was to allow individuals with assets in Liechtenstein and undisclosed tax liabilities to settle those liabilities with HMRC on exceptionally advantageous terms.

Expat campaign over banking rules

UK expats are being encouraged to write to the Competition and Markets Authority over their treatment by onshore banks, which are refusing to allow them to open accounts – or switch existing accounts to those offering better rates.

Dendias talks tax, funds in Germany

The talks with the German officials came two weeks before Greek ministers are due to meet troika representatives in Paris, where the issue of taxes is certain to be raised.

Osborne goes after offshore evaders

Some £1.5bn has been recovered from offshore tax evaders over the past two years.

Serbia To Protect Taxpayers' Rights Under FATCA

Serbia's Information Commissioner has warned that banks must have the full consent of customers before information is passed to US tax authorities under the terms of FATCA, and that it would be illegal for customers to be declined services if they re

The great pensions divide... How expats receive up to FOUR TIMES less, despite paying in the same

More than a million pensioners have retired abroad but more than half have seen their incomes shrink

A step too far for UK tax authorities

ver the past four years David Cameron’s government has subjected Britain’s public sector to a fierce programme of deficit reduction to restore order to UK public finances.

Expat benefits cheats cost Britain £82million

Thousands of Britons abroad have been fiddling the benefits system, and some have been traced and investigated as far afield as Christmas Island and Bhutan

Expats urged to review sources of UK income amid tax raid plans

Property owners and pensioners who face losing their personal tax allowances can take steps now to protect themselves, say experts

HMRC says offshore trusts cannot use settlement facility

HMRC announced on Thursday that users of offshore tax avoidance schemes were not eligible for the special rates aimed to encourage taxpayers to come clean over secret foreign bank accounts.

Tax Agreement with Luxembourg comes into force

The Embassy of the Grand Duchy of Luxembourg in London, has now confirmed that Luxembourg has completed its own ratification procedures.

Expat tax changes to trigger rise in Qrops demand

Nigel Green, deVere Group founder and chief executive, warned that should the government introduce these plans a growing number of British expats are likely to “sever financial ties with the UK”.

Tax Evasion: More and More Voluntary Declarations in North Rhine-Westphalia

It is clear that for many people who have invested untaxed illicit earnings in accounts in Switzerland or other tax havens things are becoming too hot.

A Good Neighbour by Geoff Cook

The Jersey Evening Post published my letter today putting the context around our good neighbour approach to contrived and abusive tax schemes.

deVere CEO slams plans to charge death taxes on the living

“Shocking and outrageous,” is how the boss of one of the world’s largest independent financial advisory organisations describes plans being considered by the government for people to pay inheritance tax (IHT) whilst they are still alive.

Trust, confidentiality and the tax man: too far, too fast? by George Bull, Baker Tilly

It’s said that it takes years to build up trust but only suspicion - not proof – to destroy it. We look at some of the areas where HMRC are saying “trust us”, and wonder why they are simultaneously doing things which raise suspicio

KPMG retains £12m Old Mutual audit contract

The firm will be reappointed to continue its work after 2016, following the bank’s tender

French bank latest to fall to IRD tax avoidance net

The notes allowed debt and equity to be structured across borders in the most tax-efficient way, but only if tax authorities did not deem them to be avoidance.

North West solicitor and Grant Thornton accountant team up for new M&A enterprise

Research from the Law Society indicates that one in three law firms expect to merge with another within the next three years to refocus their businesses in order to adapt to challenging market conditions and ensure long term stability.