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

End of tax year surge for SIPPs with deluge of top ups

In the very last hour before the tax year end at midnight, Hargreaves Lansdown saw a SIPP top up every 20 seconds.

Blackfinch Ventures Accelerates Tech Growth with over £12m invested as Tax Year Concludes

Notably, the investments have introduced four new ventures into Blackfinch’s growing portfolio, including Kelpi who secured investment total of £1.07 million.

Sipp surge as clients rush to use allowances

Activity remained high until the very end, with a digital top up made every 20 seconds in the last hour of the tax year.

UK 'non-doms' could leave over inheritance tax proposals, lawyers say

Labour has pledged to close tax loophole for wealthy foreign residents if elected

FATCA and CRS reminders issued for 2023 reporting period

The upcoming deadlines for the 2023 reporting period include the 30 April 2024 deadline for new entity registration.

Labour Announces Crackdown On Tax Dodgers To Plug £2bn Spending Hole

They had planned to pay for it by raising money through axing the non-dom tax status.

Foreign dividends reform ‘a boost Ireland’s holding company credentials’

The proposal is to apply the exemption to “foreign dividends and other types of distributions that represent income

The Qualifying Asset Holding Company regime in practice – what have we learnt?

One critical point is that QAHCs are not available to every structure.

'The need for financial planners for non-doms is greater than ever'

Dixon pointed out financial planners will need to upskill themselves as the demand for their services from non-doms will grow.

HMRC helpline delays spur tax planning sessions with advisers

Overall, 18% said they sought support from an adviser after receiving inheritance, while the same number said it was after their investments grew substantially.

Law firm behind 19,000 SJP claims charging 40% plus VAT for wins

AMK Legal, which is not a regulated claims management company, is charging clients more than the 30% cap on CMC fees introduced by the FCA in 2022 on successful claims.

Saffery Trust wins 2024 WealthBriefing European Award

The annual awards are open to financial service providers across Europe, focused on experts, products, and services.

IHT receipts on track to deliver £9.7bn by 2028-29

The OBR recently forecasted IHT receipts would increase by 37 per cent.

Government tax take continues to soar despite cut to national insurance

The Tories had been under significant pressure to make the budget a giveaway bonanza to help rally support as they near the election.

Advisers want future government to lessen tax burden for retirees

The survey was conducted in anticipation of the upcoming General Election to determine advisers’ key priorities for the next government.

Income or capital: Boston Consulting Group v HMRC

In most cases, the disposal will be taxed to capital gains tax (CGT) rather than income tax

Use the Budget NI cut to beat income tax creep and boost your pension pot

The headline measure in Chancellor’s spring Budget was the 2p cut in National Insurance contribution for both employees and the self-employed.

Key measures for foreign owned groups in Spring Budget 2024

With a UK general election expected in the second half of 2024, the main measures announced by the chancellor were aimed at employees and working families.

KPMG UK and Blue J expand strategic alliance to tax tools

Now, the firm’s new strategic partnership with Blue J will lead to the launch a new generative AI powered product to answer challenging tax research questions in seconds.

Tax authorities update guidance on criteria for a permanent establishment

Notably, the updated guidance includes a statement that a home office used for remote working generally should not qualify as a PE.