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

Exchanges of information good news for tax administrations

GUERNSEY is among 12 jurisdictions to have begun exchanging information relating to businesses’ economic substance.

Ireland will resist global corporate tax rate, says finance minister

Paschal Donohoe says Dublin will not accept reforms that affect its ability to undercut its rivals

Weekly Tax Brief - 20 April 2021

Governments around the world are increasingly using taxation to achieve their environmental targets.

Beware the offshore tax crackdown: From holiday homes to secret Swiss accounts, HMRC is getting tough on Britons making money abroad

The offshore financial interests of millions of Britons have been handed to HMRC since 2018

Google used ‘double-Irish’ to shift $75.4bn in profits out of Ireland

Company moved money in 2019, prior to it overhauling its global tax structure

Luxembourg: Tax assessments: Pre-litigation and litigation procedures for corporate taxpayers

This article provides a brief overview of the key elements of the procedural framework for contesting decisions issued by the LTA, as applicable to corporate income tax, municipal business tax, and net wealth tax.

Does the tax advice sector need mandatory PI insurance?

Standards are ‘typically high’ but ‘issues can arise within a minority of mainly smaller firms’

RSM Weekly Tax Brief

The UK Supreme Court has recently released a favourable judgment regarding one potential trigger of this self-supply charge.

Tax sting for those returning to Blighty

This was when long-standing expats had no voting rights in what would go on to become one of the most impactful political shifts of a generation, and an election that would no doubt bear repercussions on their future living overseas.

UK Employer Reporting Obligations – Taxable Benefits

As an employer, it is important you are aware whether these new arrangements require you to return certain information to HMRC

Joe Biden: Could his tax plan affect US investment in Ireland?

But there's now a risk that the pipeline of investment from the US could dry up if President Joe Biden can lead a major change to global tax rules.

Sting in tax tail for British expat voters

Salter added: "It can be very difficult to break one's domicile of origin for example if one is born in the UK of UK parents.

Pandemic has delayed important tax planning decisions according to advisers

More than half of advisers (53%) polled also said they had clients who could benefit from tax efficient investments but had not yet engaged with them on the topic.

Weekly Tax Brief - 7 April 2021

So for businesses that have experienced a loss in the last year, getting your accounts and tax returns prepared early and filing these with HMRC could unlock a repayment of tax paid in previous years and bring some much-needed positive cash flow.

World Bank warns against 'high' global tax minimum

To US lawmakers, Ms Yellen has made the case that establishing a global minimum tax would allow the US to remain competitive, despite that increase.

Take home at least £32,870 in tax free income per year in retirement

Being aware of and making full use of the allowances available can save a retiree a substantial amount of tax money over the long term.

Curtis Banks sets aside £403k for in-specie tax relief issues

This comes after HM Revenue and Customs challenged all Sipp providers on whether pension contributions could be made in-specie.

TMF Group announces 2020 full year results

TMF Group delivered strong performance in 2020

Weekly Tax Brief - 30 March 2021

This means that where completion takes place at the end of the tax year, or exchange and completion take place in different tax years, it is possible to file the self-assessment tax return instead.

Overcoming complexity and realising opportunity in luxury French property

Although the crisis itself has not directly boosted international demand, it is clear high-end French properties will rarely lose value and continue to be a safe investment option.