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

HMRC recouped £274m from IHT investigations last year

UK taxman is ‘dedicating huge resources’ to examine the estates of HNW individuals

OECD/G20 Inclusive Framework on BEPS shows progress in implementing tax transparency through Action 13 Country-by-Country reporting

As a result, tax administrations, often for the first time, will have received detailed information on all large MNEs doing business in their country.

IRS targets tax compliance by non-U.S. owners of U.S. real estate

FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.

The rise and rise of mutual agreement procedures in the EU

Eddie Morris, Jennifer Breeze and Janelle Sadri discuss how the growth in the number of mutual agreement procedures, coupled with fine-tuning of the process, has affected its themes of access, resolution and implementation.

Financial transactions: A complex landscape for taxpayers and tax authorities

Mo Malhotra, Ariel Krinshpun and Ockie Olivier evaluate how the OECD guidance on financial transactions will influence an increasingly convoluted transfer pricing environment.

Double-tax treaty with Russia ‘offers certainty’

The basic changes implemented by the treaty are the imposition on outbound dividend and interest payments of an increased withholding tax

Netherlands: 2021 budget includes significant corporate income tax changes

The previously planned reduction of the headline corporate income tax rate to 21.7% would be reversed, leaving the rate at 25%.

MPs told self-employed tax discrepancy ‘hard to justify’

“I can’t say it will be easy but there has to be debate and the possibility of developing a roadmap with some degree of consensus that allows people to adjust and to get out of this mess.”

Weekly Tax Brief - 15 September 2020

HMRC’s new policy on cancellation fees and early termination charges threatens telecoms and motor vehicle finance businesses with backdated VAT assessments, and the risk may spill over into compensation payments in other sectors.

Is Italy the Next Tax Haven?

Many nations are tempting HNW individuals through tax relief and golden visas.

Weekly Tax Brief - 8 September 2020

Anyone can provide tax advisory services, with no requirement for qualifications or experience.

Chartered Financial Adviser's top 5 tax saving tips

Samantha Gibson, Financial Adviser, gives her top five tips for saving tax.

Taxpayers warned ahead of looming deadline

The deadline for settling the debt with the taxman was originally January 2020.

Who would be hit by the new tax rises being explored by the chancellor?

Analysis: Briefings to newspapers suggest that the ‘better off’ would be affected by the specific tax increases the Treasury is considering. But is that true? Ben Chu investigates

Whistleblowing pushes HMRC tax evasion reports up 10%

HMRC saw a 10% uptick in tax evasion reports to 73,000 in 2019/20, up from 66,000 last year, with whistleblowing causing increased probes.

£473k in payouts for those snitching on tax dodgers

Adam Craggs, the head of tax investigations at RPC, said: “Disgruntled employees may tip off HMRC as a way of getting back at their employer.

Tax rises will be 'acid rain on green shoots' as investors flee overseas, warns minister

Senior business chiefs have warned major companies shun UK investments if the Treasury presses ahead with 'daft' hikes.

IFS tells govt to consider pension tax hike to pay off Covid debt

Currently, when people take money from their pension 25 per cent is tax free while the remaining 75 per cent above the personal allowance is charged at the marginal rate of income tax.

What do French tax law changes mean for expats?

More generous opportunities on offer due to the pandemic

Warning tax evasion policy can foil M&A deal at 'eleventh hour'

For advisers this means they would need to act if they found a client had undeclared assets on their books.