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

Tax investigations: HMRC's high risk wealthy programme

It is possible to request, where the tax at risk is great enough, that a dispute becomes part of the HRWP programme, but whether a case becomes part of the programme is entirely a decision for HMRC.

Peter Hargreaves and Leonie Schroder were two of the UK's biggest taxpayers - reports

The Sunday Times Tax List 2021

Rishi Sunak plans to hit middle classes with Covid-19 bill: 'Tax rises are coming'

The country will soon learn the full impact of the third lockdown, implemented at the end of 2020, but Mr Sunak is already planning ways to pay for the pandemic.

Inheritance Tax: The 'quick and simple steps' which could get finances in 'better shape'

"Results for the 2019/2020 tax year already show the beginning of a slight dip in IHT receipts which for the large part has been attributed by HMRC to their refusal to accept cheques in the early stages of the pandemic," Mr Jones continued.

Capital Gains Tax changes could impact small business owners

Chancellor may renew focus on the tax to help foot the COVID-19 bill

EU blacklist does not properly identify tax havens, Parliament says

This seems to have been the drop that overflowed the bowl.

EU tax information exchanges fail to reach potential

Gaps in the exchange of tax data in the EU may encourage tax avoidance and evasion, according to a report from the European Court of Auditors (ECA)

Belgium: Draft legislation on new annual tax on securities accounts published

The compliance obligations are broadly in line with those for the previous tax on securities accounts.

Govt urged to sort out 'mess' of investment taxes

Under the current structure, people generating the same overall level of income can attract very different tax bills, according to the legal form in which they work.

MEPs vote to add Channel and British Virgin Islands to tax haven blacklist

UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership

Relocating to Italy: the Italian Tax Authority unveils new rules for employees

Individuals who meet these criteria are subject to individual income tax in Italy on only 30% of their employment/self-employment/business income.

Future looks bright as Global VC funding soars to $300.5 billion in the second biggest year for VC funding in a decade

Increase signals positive outlook according to KPMG.

New UK register will expose British expats, overseas nationals to major inheritance tax hit

A property bought for £10m in 2010 is now worth £16.7m, which would incur a potential inheritance tax (IHT) liability of £6.7m on death.

Weekly Tax Brief - 19 January 2021

Starting with corporation tax, the UK rate is currently 19 per cent.

Inheritance Tax UK: Britons urged to take ‘fundamental’ actions to eliminate a tax bill

Inheritance Tax (IHT) is generally unpopular with Britons who will have to meet the levy, however, there are certain steps to take which could help people legally avoid the tax.

Luxembourg tax authorities issue a circular on interest deduction limitation

The purpose of the LTA's administrative circular 168bis/1 (the Circular) is to clarify some of the concepts and key aspects of this piece of legislation, through numerical examples.

Slash stamp duty and council tax to level up Britain, Sunak told

If the stamp duty holiday is not extended, as many as 100,000 transactions could be at risk, the Chancellor has been warned

Second London Hedge Fund Worker Facing Extradition over Tax Scandal

Duet Group employee will try to use Brexit to stop extradition

KPMG announce new Crown Dependencies practice

KPMG in the Channel Islands and KPMG in the Isle of Man announce the merger of their businesses to form a single Crown Dependencies practice.

Will Budget tax increases become Covid-19 casualties?

Should capital gains tax rates be raised?