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

Tax avoidance promoters back in HMRC crosshairs

Stop notices to be issued more quickly in a bid to shut down schemes sooner

HMRC mulls new reporting requirements for tax advisers

The policy change is part of a wider push to increase penalties for enablers of tax avoidance.

UK Inheritance tax changes to settlements – changes contemplated by Finance Bill 2020

In practical terms, this is unlikely to change anything since most advisors have never recommended that settlors who are UK domiciled or deemed domiciled should make additions to existing excluded property settlements.

UK to review tax system

Spotlight will be on role of reliefs and windfall taxes in post-pandemic economy

Nine challenges to a wealth tax

Superficially, it could increase the tax yield, but there are several issues with a wealth tax in the UK

Letter: Tax reform is the way to win over entrepreneurs

From Stephen Porter, ArtHistorical, London W1, UK

German finance minister sees concrete proposals on int'l tax reform by Oct

Fair taxation of international companies and large digital groups is more urgent than ever,” Scholz said after a virtual meeting of G20 finance ministers and central bank governors.

Calls for review of capital gains tax and the OBR estimates tax rise of £60bn per decade in the UK

The OBR has also suggested that there may be steep falls in CGT receipts over the next two years as property and other assets slump in value, applying further pressure on Sunak to increase tax rates to fill the gap.

Apple wins landmark court battle with EU over €14.3bn of tax payments

Judges annul ruling by European Commission in blow to competition commissioner Margrethe Vestager

The VAT e-commerce package and the supply of services

All suppliers of cross-border services to private individuals in the EU, then, will be able to take advantage of the coming OSS scheme.

CGT shake up could 'put people off investing entirely'

The move comes after Mr Sunak put forward £30bn worth of policies and tax cuts

New corporate tax statistics provide fresh insights into the activities of multinational enterprises

The new OECD analysis also shows that corporate income tax remains a significant source of tax revenues for governments across the globe, accounting for 14.6% of total tax revenues on average across the 93 jurisdictions in 2017

Tax thoughts on the Chancellor’s Summer Statement

We review what has been proposed and what has not.

Is catching tax evaders the answer to settling covid-19 debt?

Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’

‘It’s a matter of fairness’: squeezing more tax from multinationals

The cost of the coronavirus crisis means governments want to reduce tax avoidance by business

UK’s big accountancy firms told to split off audit arms by 2024

FRC tells KPMG, PwC, Deloitte and EY to act after big collapses such as Carillion and BHS

International community continues making progress against offshore tax evasion

The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis

Weekly Tax Brief

HMRC invites businesses who remain unable to meet VAT return payments due after 30 June 2020 to get in touch as soon as possible to negotiate a time to pay agreement.

Did the EU’s attempt to name and shame tax havens into behaving better work?

But counting the number of boxes that the EU ticked to remove jurisdictions from its list doesn’t give us the full picture of the listing process’s impact.

Overview of recent EU tax policy and other tax developments (June 2020)

Action plan to fight tax evasion and to make taxation “simple and easy”