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

Expat benefits cheats cost Britain £82million

Thousands of Britons abroad have been fiddling the benefits system, and some have been traced and investigated as far afield as Christmas Island and Bhutan

Expats urged to review sources of UK income amid tax raid plans

Property owners and pensioners who face losing their personal tax allowances can take steps now to protect themselves, say experts

HMRC says offshore trusts cannot use settlement facility

HMRC announced on Thursday that users of offshore tax avoidance schemes were not eligible for the special rates aimed to encourage taxpayers to come clean over secret foreign bank accounts.

Tax Agreement with Luxembourg comes into force

The Embassy of the Grand Duchy of Luxembourg in London, has now confirmed that Luxembourg has completed its own ratification procedures.

Expat tax changes to trigger rise in Qrops demand

Nigel Green, deVere Group founder and chief executive, warned that should the government introduce these plans a growing number of British expats are likely to “sever financial ties with the UK”.

Tax Evasion: More and More Voluntary Declarations in North Rhine-Westphalia

It is clear that for many people who have invested untaxed illicit earnings in accounts in Switzerland or other tax havens things are becoming too hot.

A Good Neighbour by Geoff Cook

The Jersey Evening Post published my letter today putting the context around our good neighbour approach to contrived and abusive tax schemes.

deVere CEO slams plans to charge death taxes on the living

“Shocking and outrageous,” is how the boss of one of the world’s largest independent financial advisory organisations describes plans being considered by the government for people to pay inheritance tax (IHT) whilst they are still alive.

Trust, confidentiality and the tax man: too far, too fast? by George Bull, Baker Tilly

It’s said that it takes years to build up trust but only suspicion - not proof – to destroy it. We look at some of the areas where HMRC are saying “trust us”, and wonder why they are simultaneously doing things which raise suspicio

KPMG retains £12m Old Mutual audit contract

The firm will be reappointed to continue its work after 2016, following the bank’s tender

French bank latest to fall to IRD tax avoidance net

The notes allowed debt and equity to be structured across borders in the most tax-efficient way, but only if tax authorities did not deem them to be avoidance.

North West solicitor and Grant Thornton accountant team up for new M&A enterprise

Research from the Law Society indicates that one in three law firms expect to merge with another within the next three years to refocus their businesses in order to adapt to challenging market conditions and ensure long term stability.

Germany Brings FATCA Law Into Force

The FATCA agreement between Germany and the United States entered into force in December 2013.

US hedge fund latest to line up tax inversion move

A US HEDGE FUND has become the latest in a string of companies seeking to acquire a UK rival in order to set up a foreign tax centre.

Moore Stephens named Accountancy Firm of the Year

The awards are made solely on merit. Winners are nominated by their clients and their peers.

HMRC close the net on offshore payment intermediaries

The attraction to the contractor in using an offshore payment intermediary is easy to understand

Britain Fails to Find Riches It Expected in Swiss Accounts

The amounts at stake are enormous.

British banker behind £3million Lionel Messi tax claims killed himself

Prosecutors claim Messi, 27, and Jorge used shell firms in the UK, Switzerland, Uruguay and Belize to funnel off £3.3million between 2007 and 2009.

IHT receipts leap 10% as experts warn of worrying trends

Independent experts warned that there is not enough attention given to IHT planning by potential clients of IFAs and some of the future political scenarios advisers may have to face.

The only way is up for inheritance tax receipts - Richard Watkins, Close Brothers AM

Richard Watkins, Certified Financial Planner at Close Brothers Asset Management, comments on the latest inheritance tax receipts: