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

Santander boss hits out at bank windfall taxes

Ana Botín says strong banks can lend more and boost the economy

‘Deep freeze’ and tax cuts mean bad news for IHT and CGT

Chancellor Jeremy Hunt unveils ‘balanced plan’ to cope with record inflation and cost-of-living crisis

Spain's additional wealth tax legislation could take effect in 2022

In some places, including Madrid, this has resulted in wealth tax being reduced to zero.

Apex Group Budget Briefing - Autumn Statement 2022

The Office for Budget Responsibility saw an average inflation rate for this year of 9.1% and 7.4% predicted for next year.

UK adopts further international exchange of information on tax matters

The UK has signed up to two new multi-lateral competent authority agreements (MCAA) for the automatic exchange of information about two different categories of international activity.

Being Proactive in Tax Planning is the Only Way Forward in a World of Tax Policy Uncertainty

Individuals with connections to the UK and the US are faced with even less visibility in their tax affairs given the midterm elections, which will likely define the US tax outlook for the rest of the year and beyond.

Hybrid and remote working within the UK – what next?

The Office of Tax Simplification is preparing its report and recommendations – what might this mean for employers?

UK to cut surcharge on bank profits to 3% to keep industry competitive

UK banks currently pay 8% surcharge on profits on top of the corporation tax rate of 19%

Democrats take the Senate, but uncertainty over House control next year clouds tax policy outlook in the near term

This special edition of Tax News & Views looks at the tax policy implications of the congressional midterm elections based on the results currently available.

Sunak considers raising additional rate tax band

The prime minister is considering raising the 45% rate or lowering the £150,000 threshold at which the tax band kicks in.

HMRC launches a campaign focused on offshore companies owning UK property

HM Revenue & Customs (HMRC) is launching a new campaign targeted at offshore companies which own UK property.

Could you face inheritance tax on your property?

Rising house prices could mean that unsuspecting homeowners face an inheritance tax bill on their estate.

Finance minister prepares first set of tax measures as part of broader tax reform

The intention is for the government to discuss and reach a political agreement on the measures during November and December 2022.

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.