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

VAT and input tax recovery – a legal sector case outcome

There is a basic premise that VAT incurred on purchases is only recoverable to the extent that it is used in the making of taxable supplies by a taxable person.

French prosecutors raid five banks in massive tax fraud case

Authorities said banks, including Societe Generale, BNP Paribas and HSBC, faced a compensation request of more than $1bn.

HMRC opened 25 tax fraud investigations into HNWs in 2022

UK government ‘is likely to continue to invest in this high-end form of tax enforcement’

HMRC opens 25 new tax fraud investigations into wealthy individuals

The unit only reserves criminal processes only for serious investigations.

Stealthy fiscal drag effect sees HMRC tax take soar

The rising cost of living has triggered an uplift in pay, and many will have started paying income tax for the first time or moved into a higher rate as a result.

Three ways Jeremy Hunt has increased the tax burden on higher earners

The kind of budget on the cards usually depends on where we are in an election cycle, with governments keen to save up their giveaways for when the public is starting to think about polling day, and to get unpopular policies out of the way early on in an

HMRC: Stamp duty receipts rise 6.5% to £18bn

Homebuyers paid £846m more in Stamp Duty in February than they did the month before, according to Coventry Building Society’s analysis of HMRC figures.

EY is expanding its offering in the area of compensation and performance management in Switzerland

The acquisition by EY Switzerland is an important step in strengthening EY's position in the compensation advisory market.

Labour pledges to reverse Hunt’s pensions tax break for the wealthy

Shadow chancellor Rachel Reeves said scrapping the £1.07 million lifetime allowance is the ‘wrong priority’.

65% of wealthy investors expect to increase exposure to venture capital schemes as a result of upcoming tax rules

This is according to a survey of 1,300 high-net-worth investors who are members of Wealth Club.

TMF Group announces 2022 full year results

Treasury Committee calls for rationale behind Office of Tax Simplification closure

Tax simplification

HMRC reveals 100,000 dragged into paying higher rate tax at the start of the pandemic

Wage growth is still likely to accelerate with inflation often forcing employers to pay their employees more so they can cope with rising costs.

Banks must pass on rate hikes to savers – or risk a windfall tax, warn experts

NatWest recorded its best performance since the financial crisis in 2022 while Lloyds’ profit rose 80 per cent in the final quarter of the year. HSBC UK and Barclays UK also recorded very strong years.

How tax changes will make ISAs even more valuable to investors

Running through the different types of tax wrapper and the benefits they bring

Nationwide chooses Board for financial planning

End users are now prioritised with access to one single source of the truth via Board’s Intelligent Planning platform, reducing information silos, with a more integrated and intuitive approach.

New Tax Year, New Tax Changes

As the new tax year approaches, you might want to know about possible changes to what you’ll pay in tax.

NewsCorp Supreme Court VAT ruling has wide implications

NewsCorp argued that the underlying purpose behind the VAT zero-rating of physical newspapers carries through to digital versions of publications such as The Times and The Sun, for e-readers, tablets, phones and websites.

Inheritance tax regime must move with the times

IHT needs to be ‘addressed urgently in order to prevent further damage being done’

HMRC tax take skyrockets with impact of frozen thresholds laid bare

Inheritance tax has historically been considered a tax for only the very wealthy, but the current freeze coupled with inflated house prices has seen far more people caught by the net.