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

How to reduce your Capital Gains Tax bill

How Capital Gains Tax works, and how to check you’re not paying unnecessary tax on your profits

Cyprus Tax authorities extend the imposition of penalties for late submission on DAC 6

The Tax Department will not begin imposing administrative fines until 30 June 2021

Budget 2021: Non-doms can rest easy for now

The definition of ‘residence’ for the purposes of these rules also differs to that for other UK taxes, which could result in some anomalies.

Budget 2021 analysis

The chancellor prioritised restoring the economy, but his planned tax moves will go some way to filling the hole in the government’s finances.

UK Budget 2021 – The Stamp Duty Land Tax Question

The introduction of the so-called ‘stamp duty holiday’ has brought about a sharp increase in housing market activity and a corresponding rise in house prices.

MEPs seek to strengthen list of tax havens

But what does this mean for advisers and their clients?

Weekly Tax Brief - 1 March 2021

The Chancellor has said that “it is now much harder to justify the inconsistent contributions between people of different employment statuses.”

Ahead of chancellor Rishi Sunak’s first post-pandemic budget, we look at changes to the UK tax regime being considered by the government, and the practical steps investors might consider in the meantime

OECD calls on countries to crack down on the professionals enabling tax and white collar crimes

White collar crimes like tax evasion, bribery and corruption are often hidden through complex legal structures and financial transactions facilitated by lawyers, notaries, accountants, financial institutions and other professional enablers.

Sanlam becomes latest MPS to scrap VAT

However, it notes that there are expected operational challenges in implementing the change across multiple platforms.

The taxation of cryptoassets

An individual will be subject to income tax on the profits made when disposing of cryptoassets, if they are classed as ‘trading’.

Keir Starmer under pressure to back plans for corporation tax rise

Labour leader has faced backlash after saying he would oppose any new tax on business in budget

Real Madrid criticised over ‘tax haven’ investment deal

The report was based on the so-called ‘Football Leaks’ files – internal correspondence and contracts of European football clubs – that were handed to several mainstream European media houses.

Wolters Kluwer introduces finsit, its cloud-based financial insights platform to the UK

Finsit enables accountants to leverage technology to give real-time, data-rich advice

Weekly Tax Brief

In a departure from tradition, while some tax announcements will continue to be made on Budget Day, others will be deferred until Tax Day which has been set for 23 March. What’s going on? We look at the implications.

EU adds Dominica to tax non-compliance list

As it removes Barbados while the country undergoes a review by the OECD

COVID-19 and regulatory uncertainty spur greater tax risk for organizations in 2021 and beyond, EY survey finds

Survey respondents say they anticipate a far more diverse tax risk environment spanning everything from scrutiny of routine business activity, to major, billion-dollar settlements in court.

Luxembourg: Circular regarding "prime participative" issued

The circular explains how to calculate non-deductible social contributions. For instance, social contributions related to exempted salary income, such as a prime participative, are not deductible for wage tax calculation purposes.

Cypriot tax system makes Ukrainian firms an offer they can’t refuse

For years, Cyprus has served as a popular investment stop for Ukrainians, Dmytro Perevozchykov, a partner at Cyprus-based law firm Michael Kyprianou, which has offices in Kyiv, told Kyiv Post on Feb. 16.

VAT cut for green UK businesses could aid COVID-19 recovery

The EAC believes that this should include VAT reductions to repair services and items that have been recycled to encourage a circular economy.