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

Swiss government approves new law governing tax treaties

The new law would stipulate how mutual agreement procedures in tax treaties are to be carried out at the national level.

Spain to increase income and wealth tax

‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’

Govt urged to overhaul capital gains tax in OTS review

The OTS found the disparity between CGT and income tax rates was one of the main sources of complexity

EU releases assessment of Cayman’s fund regime

In a September 2019 analysis, the EU found Cayman’s framework for funds was inadequate in three of the four pillars and that there was not enough information to assess the remaining one relating to supervision and enforcement.

Spain to increase income and wealth tax

‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’

Weekly Tax Brief

Staff dissatisfaction and turnover not only increases overhead costs but also reduces performance and increases error levels.

HMRC tax evader watchlist up 30%

When an individual is placed on the scheme the tax authority can inspect their home or business and perform checks on any part of their tax affairs without any prior warning.

We can’t afford tax havens in the age of #Coronavirus

It’s almost impossible to predict the full scale of economic damage while most of the world is still fighting to contain the virus’s exponential spread, and while so much remains uncertain.

Spain: Digital services tax enacted

The DST is an indirect tax that will apply to the provision of certain digital services to users located in Spain.

HMRC cuts new tax probes as it focuses on pandemic

HMRC has dropped the launch of new tax probes by more than 50% after the coronavirus crisis first erupted to focus on implementing the UK government's covid-19 plans.

Weekly Tax Brief

With three months to go until the normal filing deadline, people’s minds are turning to tax return completion.

EY wins more blue-chip audits despite Wirecard fiasco

Big Four firm was sharply criticised for failing to spot a €1.9bn fraud at German payments group

Cyprus revises VAT for yacht leasing scheme

In all the other instances where the aforementioned do not apply, the leasing will be considered as a supply of services.

Brexit: VAT and the end of the transitional period

This has significant VAT implications for UK suppliers involved in international supply chains.

Spain: Financial transaction tax enacted

The forms that taxpayers will be required to use to file the tax returns and deposit the tax due and the mechanisms, locations, and deadlines for filing the forms will be specified in regulations that will be issued.

Weekly Tax Brief

The UK Government’s decision not to extend the suspension of wrongful trading provisions, and the re-introduction of Crown preference from 1 December 2020,

Praxis acquires London accounting firm

The accounting industry needs good news at this point in 2020

Weekly Tax Brief - 20 October 2020

All cross-border traders should also consider their commercial arrangements (e.g. on contracts or VAT registrations in EU member states)

Deloitte to shut four UK offices as COVID-19 entrenches remote working

Deloitte said it would shut its offices in Gatwick, Liverpool, Nottingham and Southampton, where about 500 people work.

International community renews commitment to address tax challenges from digitalisation of the economy

Participants also approved for public consultation a new Blueprint for Pillar Two of the project, which would introduce a global minimum tax that would help countries around the world address remaining issues linked to base erosion and profit shifting by