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

UK's self-employed urged to use tax return extension wisely

It has been a tough year for the self-employed.

Luxembourg tax scandal may prompt EU action

The latest revelations about Luxembourg, spearheaded by the French Le Monde newspaper, comes from publicly-available but difficult-to-access data.

Navigating the New Post-Brexit VAT Rules for Non-UK E-Commerce Sellers and Online Marketplace Operators

A consequence of these new rules is that, from 1 January 2021, e-commerce sales of imported goods worth more than £135

HMRC defends use of powers to recover tax

The government has introduced over 100 reforms to the tax system since 2010 to help HMRC to prevent and tackle evasion and tax avoidance.

What could a 'wealth tax' look like?

Based on that model it was estimated that £260bn in tax would be raised.

Denmark Tax Agency Clarifies Tax Residence Under DTA With Switzerland

The taxpayer inquired as to whether she could be considered a Swiss tax resident under the 1973 DTA with Switzerland.

HMRC invests £3m to improve payment processes

HMRC has signed a £3m contract for open banking services, the government’s largest to date, with start-up fintech Ecospend, in a bid to streamline its payment processes and reduce errors

Saffery Champness & Nordicity commissioned to report on Scotland's screen sector

The aim of the study is gain a clearer understanding of the value of the screen sector to Scotland's economy, and how this sits in a UK-wide context.

New rates of stamp duty for non-UK residents from 1 April, says accountants Hillier Hopkins

“The new rates do not apply to commercial and retail properties and are likely to remain attractive for overseas investors.”

Group of experts defines tax-related areas of action for Switzerland

The group of experts was instructed by Federal Councillor Ueli Maurer to draw up areas of action to strengthen Switzerland as a tax location.

Stamp duty receipts up 33% in Q4

"The ongoing Stamp Duty holiday undoubtably contributed to his uptick in demand, with the opportunity to save as much as £15,000 in tax encouraging many to press ahead.

Don't get caught in the 60% tax trap

There’s a little-known tax ‘sinkhole’ that could catch you unawares and leave you paying more tax than you need to. We look at ways to sidestep it

RSM publishes its Budget tax predictions

Undeterred by current crises, our team of able tax specialists has carefully scrutinised tax developments so we can today publish our Budget tax predictions.

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)