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

Lack of evidence signals the failure of historic VAT claim

They concluded that NHS Lothian did not have sufficient evidence to support its ‘Fleming’ claim for under-recovered input tax.

Deloitte Collaborates With AWS to Put Enterprise-Class Banking Solutions in the Hands of Consumers Faster

Deloitte's ConvergePROSPERITY™ BankingSuite on AWS helps customers including Western Union meet customer demand for new digital banking services

BP profits more than double to £7.1bn amid windfall tax pressure

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

OECD tax chief warns of trade wars if global deal is not implemented

Pascal Saint-Amans says last year’s accord on taxing multinationals unlikely to enter rule books soon

KPMG comments on today’s public sector finances data

“Government borrowing is set to enter an upward trajectory” says Michal Stelmach, senior economist at KPMG UK.

HMRC tax and NI receipts growth will be music to the Chancellor’s ears

This increase likely reflects the uptick seen in average earnings over the past few months, though is somewhat surprising given the National Insurance threshold was increased to match the Income Tax threshold earlier this year which meant approximately 30

Chancellor brings forward further Medium-Term Fiscal Plan measures

Smaller measures including increases to share option limits and a higher subscription limit for the Seed Enterprise Investment Scheme also survived.

10.1% state pension boost at risk as Hunt refuses to commit to triple lock

The policy has now been thrown up in air again after Jeremy Hunt appeared indecisive on the matter.

Reversal on planned UK dividend tax cut a ‘blow to entrepreneurs’

But delivering a statement in the House of Commons, Hunt told MPs that he would “reverse almost all the tax measures” announced in the growth plan that had not yet been legislated for in parliament.

On the hunt for UK stability

VAT-free shopping schemes for non-UK visitors to the UK have also been scrapped, along with freezes to alcohol duty.

Chancellor reverses 'almost all' mini-Budget tax measures

The chancellor said these changes will raise £32bn a year.

Deputies told time is up...choose tax rises or spending cuts

“In the tax review, we’ve fired around all of the opportunities, if we can call them that. None of them are particularly pleasant.

Investment could be blown off course as government mulls renewable windfall tax

This could result in a step backwards in our transition towards a greener future and impact jobs in what is still a developing industry.

Rise in full pension withdrawals triggers tax warning

Over 10,000 pots were accessed without advice in the last financial year

Bahamas back on EU tax haven blacklist

The island nation was blacklisted along with neighboring Caribbean jurisdictions Turks and Caicos and Anguilla, the latter of which had also previously been removed from the list just one year ago.

Offshore corporates in HMRC’s sights

Nudge letters are part of HMRC’s ongoing ‘upstream compliance’ effort; a method by which they encourage taxpayers to proactively correct their affairs without the need for direct HMRC intervention.

VAT and the Travel Industry – UK and wider developments

With travel picking up again following the pandemic, now is a good time to think about how the VAT world has changed, what this means for your business and the further changes that may be coming down the line.

Changes to the definition of bank: the evolution of taxation in the financial sector

Although presented as a routine update, the changes widen the range of financial services companies that will need to consider the tax definition of a bank.

Chancellor scraps 45p income tax change in ‘embarrassing’ U-turn

The plans to get rid of the tax were announced in the “mini” Budget last month.

Deloitte Switzerland reports eight per cent growth and further increases its sustainability and technology focus

With the appointment of heads of sustainability and technology to the Swiss Executive Group, a wider talent base and a strong first quarter, Deloitte Switzerland is well equipped to achieve double-digit growth in the current financial year.