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

QROPS Transfer Charge Is Opportunistic Tax On Expats

HMRC says since April 2006, the average QROPS transfer has been £93,087.

Taxpayers clawback half a billion pounds from HMRC

Since the system started in April 2015, the total amount refunded to these pensioner taxpayers has been £262m.

HMRC powers to scrutinise unexplained wealth go live

“Significant” regulation that requires individuals to explain to HM Revenue & Customs and the Serious Fraud Office (SFO) where their wealth came from has come into force.

Options for non-resident landlords in ‘buy-to-let war’

Expat buy-to-let landlords holding UK property will be hit with a non-resident property owners tax from April 2019. But, is there anything they can do?

Could the Government be about to provide criminals with a target list?

The Government’s plan to create a public register of the ultimate owners of all UK property is a bad idea.

UK wealthy struggle to understand inheritance tax

More than two thirds of UK consumers with assets of more than £325,000 ($454,305, €370,339) do not know their estate may be liable for an inheritance tax (IHT) bill, according to research by Canada Life.

UAE welcomes removal from EU tax haven list

Emirates and others have made commitments "at a high political level" to address concerns

What Shakira’s tax evasion case means for expats in Spain

The singer officially made Spain her country of residence in 2015, the same year in which the Beckham Law was reinstated.

St. Lucia Expects Removal from EU Tax Haven Blacklist

The new proposals by Grenada and Barbados are expected to be adopted by EU finance ministers when they meet next week in Brussels for monthly talks.

Italy’s non-domiciled tax regime to profit from UK’s changing stance

In 2017, the UK scrapped its non-dom tax regime. Consequently, an increasing number of individuals are instead relocating their tax domicile to Italy

How could the Chancellor top up Treasury revenues post-Brexit? by George Bull

Estimates published by HMRC shine the spotlight on those taxes which might be increased if the Chancellor needs to boost the tax yield after Brexit.

Ukraine adds Estonia to offshore watchlist

Antsu added that the decision affects all those companies who export to Ukraine, 402 last year in total

EU to remove Panama, Korea, UAE and five others from tax haven blacklist

The removal of Bahrain was also initially considered, but its delisting was eventually not recommended, the documents show.

Asset managers hope to return $1trn in offshore funds to UK after Brexit

Discussions with the Treasury

Brussels to blacklist UK tax-heaven dependencies

The Cayman Islands alone host 6% of the global banking assets.

EU eyes UK offshore financial centres in Brexit talks

A spokesman for the European Commission said the list had nothing to do with politics or Brexit.

World Tax Advisor - Deloitte

Connecting you globally.

Italy: 2018 budget law includes new equalization tax on digital services

The new provision applies as from 1 January 2018

Paradise Papers and Brexit to ‘batter’ UK taxman

HM Revenue & Customs must urgently set out a coherent plan and demonstrate it is fit for the future as it struggles to cope with its ever-growing workload and limited resources, the UK’s public accounts committee said

Taxes for UK expat landlords might not be so hard after all

Non-resident UK landlord tax is usually due by January 31 for UK rental income