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

How To Reduce Tax on Your Pension?

If you are a resident of the United Kingdom and looking for the same then this blog will be an answer to all your queries.

UK ranks fifth in Europe for tax lost to offshore wealth

This also means that the UK ranks top when it comes to the estimated tax revenue lost as a result of offshore wealth, totalling £19.2bn.

Council of the EU agree on CBAM but not on draft Pillar Two directive

The CBAM also aims to prevent the greenhouse gas (GHG) emission reduction efforts of the EU being offset by increasing emissions outside the EU due to the relocation of EU production to non-EU countries or increased imports into the EU of carbon-intensive

FCA and AIM Regulation removal of temporary relaxations

The FCA believes that market practice has evolved sufficiently since the onset of the pandemic such that issuers and advisers are able to return to previous practices and rules.

Cyprus: Period for which tax incentive available for investment in innovative SMEs extended

The aim of the incentive is to boost entrepreneurship, support start-ups in developing innovative products and services, and strengthen the Cypriot entrepreneurial ecosystem.

CJEU rules Portugal’s system of taxation for nonresident UCITS is contrary to EU law

The CJEU initially assessed whether article 56 TFEU, article 63 TFEU, or both were applicable.

Offshore Trustees Briefing Note Year-end housekeeping for 5 April 2022

We have outlined below matters that offshore trustees and directors of underlying companies

Inheritance tax receipts hit £5.5bn

‘Many people who would not consider themselves wealthy will now face a hefty bill’

New cross-border double taxation agreement between Switzerland and Italy: Updates

The agreement will apply as from 1 January 2023

Draft law includes EU-regulated securitization within scope of interest limitation

Taking notice of the EC’s interpretation, the draft law released by the Luxembourg government removes securitization entities within the meaning of article 2(2) of the 2017 EU regulation from the list of financial undertakings not subject to the int

European Commission publishes 2022 tax management plan

hese recommendations will be the foundations of a major reform of EU customs, which DG TAXUD will propose in the second half of the year.

VAT treatment of UK termination and compensation payments

VAT may also have been payable on termination payments for unpaid invoices or for future VATable supplies.

Adviser Update – Q1 2022

The conflict in Ukraine has undoubtedly delivered a shock to markets, the world economy and even perhaps to people’s sense of financial wellbeing and security.

The Green Taxonomy: Addressing the Challenges

One of the first steps was to develop a common taxonomy, one that defines whether an activity is deemed sustainable and that provides a common language for actors across the EU to speak with one voice when discussing sustainable finance.

Update on the UK’s Qualifying Asset Holding Companies Regime

Many clients are therefore considering the potential costs and benefits of relocating companies to the UK under the regime.

World’s first UN Tax Convention draft is antidote to sanctions-busting financial secrecy, campaigners announce

The draft convention would bring transparency to the estimated $10 trillion held offshore anonymously by wealthy individuals and the $1 trillion in profit shifted by multinational corporations across borders every year.

UK considers online sales tax

The government said it would not be intended to actively encourage customers to shop in-store rather than online.

Closing Tax Havens Is the True Test of the West's Resolve

Their complicity has removed the incentives these elites might have had to rein in their countries' authoritarian leaders.

Big four accountancy firms cut off businesses in Russia and Belarus

EY and Deloitte join KPMG and PwC in separating Russia operations in response to Ukraine invasion

HMRC now successful in 86% of tax disputes in UK courts and tribunals

Delays of sometimes more than a year in the issue of judgments and long delays in listing cases were reported by users of the FTT last year