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

Luxembourg Signs New Double Tax Treaty With the UK

As expected, the main change is in relation to the taxation of Luxembourg entities with real estate investments in the UK; the taxation of these is now aligned with other jurisdictions.

Brits have £570bn in offshore accounts

But not-for-profit claims HMRC has no idea how much is tax evasion

Grant Thornton strengthens its legal area with the incorporation of three new partners

Eduardo González will lead the litigation and real estate practices

Treasury makes a pretty penny as NI hike comes into play and more are caught in the IHT net

This tax year, you can pass on up to £175,000 of your property tax-free, which is effectively doubled to £350,000 when combined with the allowance of your spouse or civil partner.

Why HMRC measures to suspend R&D cash payments and manage error and fraud matter to claimants

After the economic shock of the pandemic, and going into what increasingly threatens to be a recession, cash funding for R&D is vital.

HMRC warns against misleading tax avoidance schemes with raft of examples

The nature of the schemes and arrangements may be different, and on first glance some products may appear as genuine investment opportunities.

Govt must reduce pension 'injustice' for women, says Quilter

She made her comments in response to research issued for ‘gender pensions gap day’, which is the day when female pensioners finally begin being paid.

Unpacking Pillar Two: EU implementation

Without the discipline of a directive, the Commission fears that the scale, detail, and technicalities of the Pillar Two rules could fragment the EU internal market, creating mismatches and distorting fair competition.

Euro Tax Flash from KPMG's EU Tax Centre

CJEU rules that former French “précompte” system of dividends taxation is contrary to EU law

Tax threshold freezes to create 2.5m new higher rate taxpayers - LCP

"This is certainly not a transparent way of raising extra tax revenue."

The Italian VAT regime on the Leasing and Chartering of Pleasure Vessels

The new amendments have been acted to address objections from the European Commission

Norway Raises Wealth Tax, Scraps EV Sales Tax Exemption

The government proposes raising the wealth tax rate for joint stock companies

Lower tax court treats cryptocurrency gains as taxable income

The decision of the lower tax court of Cologne is the third decision of a lower tax court that confirms the view of the tax authorities

‘Ghost dom’ tax loophole hampering efforts to stop sanctioned Russian money flowing into UK

One official working on British sanctions policy told The Independent that the UK’s tax system, and specifically “ghost doms” and non-doms, “severely limited” their ability to track and trace individuals’ income streams

UK venture capital market review should look to simplify tax rules

Given that the Treasury inquiry seeks evidence on options for change, it is hoped that the inquiry provides an opportunity for the industry to raise some of the challenges associated with the complexity of the tax rules.

Revealed: Barclays avoids almost £2bn in tax via Luxembourg scheme

Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years

Good housekeeping for the new tax year

The earlier you use certain tax allowances, the more you shelter assets from ongoing tax.

New ‘fraud squad’ will crack down on criminals who steal taxpayer money

A new £25 million central government taskforce that will enlist an elite team of experts to crack-down on fraudsters who attempt to steal taxpayers’ cash will be operational by the summer, the Chancellor will announce today (27 April).

UK warned over rush to implement global tax plan

"It is more important to do this right and to do it together than it is to do it quickly."

Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system

This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements related to the Foreign Account Tax Compliance Act