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

UK government to move tax year end date?

Independent body will assess implications of change to 31 March or 31 December

A&M Taxand 2021 Global Guide to M&A Tax

The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.

Spain, Gibraltar and UK reach tax residency agreement

To ‘eliminate tax fraud’ and conflicts arising from being resident in both jurisdictions

EU’s push for tax standards could impact on Guernsey

THE European Union may require third countries to sign up to new global tax standards or risk going on blacklists, the European Commission has signalled.

EY Europe revamp has partners worried over Wirecard damage

Group is to centralise power in a new European executive team

Crown dependencies risk blacklist as EU debuts tax abuse observatory

‘This is in line with the EU's existing approach to use the listing process to promote internationally agreed good practices.'

There is a ‘deal to be had’ on global tech tax reform, Sunak says

Chancellor Rishi Sunak said he wanted to ensure a level playing field between high street firms and online giants.

France, Germany push for 'historic agreement' on global corporate tax rate

Big countries push ahead after objections from smaller jurisdictions

Ireland introduces higher stamp duty rate for bulk housing buys

The charge is a rise from the stamp duty normally charged on residential property in Ireland, which is 1% of a property value up to €1 million, and 2% on the balance of any higher value.

UK Capital Gains Tax regime is still not fit for purpose, and threats of CGT increases remains

The first report from the OTS contained quite radical proposals to change the CGT regime and align the rates to income tax, which was a policy direction rather than simplification, and the proposals could have actually led to more complexity.

Greece: Participation exemption for capital gains from share transfers clarified

The Tax Administration also clarified the following regarding the interrelationship between the participation exemption provisions

The Shift in Real Estate Trends

There now tends to be greater weighting to commercial real estate, with many residential properties moved to personal ownership.

EU says hefty Irish royalty flows show ‘aggressive’ tax moves

Such indicators are not in themselves conclusive proof that a country is being used for tax avoidance purposes, but they can contribute to a body of evidence that indicates that [aggressive tax planning] is occurring in a specific country.

European Commission communication on Business Taxation for the 21st century

The pending Common Consolidated Corporate Tax Base (CCCTB) proposal will be withdrawn in light of this new initiative.

Simplifying the VAT Land Exemption

The consultation represents an opportunity for clients to make representations to HMRC to simplify this area and it is perhaps an opportunity for the UK government to use the post-Brexit VAT landscape to make more use of the zero-rate to assist the govern

HMRC data reveals geographical divide in R&D tax claims despite ‘levelling up’

The HMRC figures, highlighted in the table below, illustrate a striking pattern in terms of year-on-year claim numbers.

Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances

Inheritance Taxation in OECD Countries provides a comparative assessment of inheritance, estate and gift taxes across the 37-member OECD, and explores the potential role these taxes could play in raising revenues, addressing inequalities and improving the

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