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

Weekly Tax Brief - 21 April 2020

Over the last 25 years, digitalisation has changed the UK tax-reporting landscape out of all recognition.

2019 tax return filing deadline for individual taxpayers

The official deadline for paying due taxes for 2019 Russian tax returns remains the same – 15 July 2020.

Weekly Tax Brief - 15 April 2020

New Government guidance makes it clear that, to claim the furlough grant when the portal opens by the end of April, organisations need a PAYE online account.

Tax and Fiscal Policy in Response to the Coronavirus Crisis: Strengthening Confidence and Resilience

Policy adaptation will be key.

UK taxman halts investigation enquiries

But it may be better to deal with HMRC now ‘rather than store up problems for the future’

Pandemic Disruptions Could Throw Tax Agreements into Limbo

Companies could deviate from government-approved tax arrangements

Germany ‘bullies’ US airman over income tax

EU country is claiming contributions despite international agreements on army exemptions

Switzerland: New rules on inter-cantonal tax allocation established

Daniel Stutzmann and Manuel Angehrn of Deloitte Switzerland consider how the Swiss tax reform has led Swiss cantons to move towards a ‘function-based’ tax approach.

Coronavirus - what are the tax implications of being stranded outside the UK?

Earlier this week, we also looked at the immigration issues facing those who are in the opposite situation: currently stranded outside the UK.

Tackling the coronavirus: OECD Forum on Tax Administration publishes actions that tax administrations are currently taking to support taxpayers

These include measures to address cash-flow concerns, difficulties in meeting reporting and payment deadlines and communication initiatives.

Putin’s Tax Hikes Compound Pandemic Angst for Wealth Managers

Some advisers say buy now, while others warn of double bottom

Ireland: Solving the Dutch VAT problem for CLO transactions

Structuring options allow for bankruptcy remoteness.

World Tax Advisor, featuring special COVID-19 section

These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.

Wealthy non-doms saved from Covid-19 tax traps as HMRC relaxes its rules

Non-doms can now stay in Britain longer than normal before tax bills are triggered

LEBC calls upon HMRC to extend 2019-20 Tax Year and to help savers in wake of COVID-19 crisis

As with so many businesses, LEBC has closed its offices and switched its staff to home working.

UK expat tax bills could skyrocket due to coronavirus lockdown

As non-residents hope ‘HMRC may be more lenient in its approach’

COVID-19 Luxembourg Tax Administration Emergency Support Measures

On 17 March 2020, the Luxembourg tax administration released a newsletter which details support measures for Luxembourg taxpayers who may be impacted by the COVID-19 pandemic.

Italian Authorities Threaten Tax Evaders With Big Data

All actions are aimed at forcing tax evaders to reduce the volumes of tax evasion.

Why the UK thinks tech giants deserve a digital tax

There is a large consensus among lawmakers that tech titans can station their HQs to tilt taxes in their favor.

Norway’s SWF manager speaks out against excessive tax avoidance

They said NBIM welcomed the OECD’s objective of addressing existing incentives for companies to shift profit geographically for tax purposes.