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

Brewin to review if MPS tax refundable as VAT scrapped

This came after HMRC confirmed it could self-assess whether VAT was due on its MPS.

Tax reliefs and allowances for working from home

Your tax position will depend on whether you are employed or self-employed and, if employed, whether you pay for these expenses personally or whether they are paid by your employer.

UK Offshore Receipts in respect of Intangible Property

As the Channel Islands are not “states” for these purposes, residents could potentially be within the scope of the rules.

Weekly Tax Brief - 29 September 2020

Property sales are on the rise

The Art of Giving: UK tax incentives for owners of art

Generally, these tax incentives apply to assets which are considered pre-eminent.

Investments in UK residential real estate market – UK tax considerations for foreign investors

There is no single approach and the solution differs considerably depending on personal circumstances and objectives.

Kazakhstan needs to reform its tax system to increase its resilience beyond the COVID-19 pandemic

This reform requires measures to strengthen the functioning of the tax administration, including the introduction of an end-of-the-year tax declaration.

HMRC recouped £274m from IHT investigations last year

UK taxman is ‘dedicating huge resources’ to examine the estates of HNW individuals

OECD/G20 Inclusive Framework on BEPS shows progress in implementing tax transparency through Action 13 Country-by-Country reporting

As a result, tax administrations, often for the first time, will have received detailed information on all large MNEs doing business in their country.

IRS targets tax compliance by non-U.S. owners of U.S. real estate

FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.

The rise and rise of mutual agreement procedures in the EU

Eddie Morris, Jennifer Breeze and Janelle Sadri discuss how the growth in the number of mutual agreement procedures, coupled with fine-tuning of the process, has affected its themes of access, resolution and implementation.

Financial transactions: A complex landscape for taxpayers and tax authorities

Mo Malhotra, Ariel Krinshpun and Ockie Olivier evaluate how the OECD guidance on financial transactions will influence an increasingly convoluted transfer pricing environment.

Double-tax treaty with Russia ‘offers certainty’

The basic changes implemented by the treaty are the imposition on outbound dividend and interest payments of an increased withholding tax

Netherlands: 2021 budget includes significant corporate income tax changes

The previously planned reduction of the headline corporate income tax rate to 21.7% would be reversed, leaving the rate at 25%.

MPs told self-employed tax discrepancy ‘hard to justify’

“I can’t say it will be easy but there has to be debate and the possibility of developing a roadmap with some degree of consensus that allows people to adjust and to get out of this mess.”

Weekly Tax Brief - 15 September 2020

HMRC’s new policy on cancellation fees and early termination charges threatens telecoms and motor vehicle finance businesses with backdated VAT assessments, and the risk may spill over into compensation payments in other sectors.

Is Italy the Next Tax Haven?

Many nations are tempting HNW individuals through tax relief and golden visas.

Weekly Tax Brief - 8 September 2020

Anyone can provide tax advisory services, with no requirement for qualifications or experience.

Chartered Financial Adviser's top 5 tax saving tips

Samantha Gibson, Financial Adviser, gives her top five tips for saving tax.

Taxpayers warned ahead of looming deadline

The deadline for settling the debt with the taxman was originally January 2020.