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

HMRC issues warning on tax avoidance schemes

The communication stated: "HMRC is aware of more arrangements currently being marketed that also claim to avoid the loan charge.

Estate and gift taxes in Cyprus – planning is needed

Gift tax exists in order to prevent people from having an easy way to avoid or bypass estate tax.

A third of British billionaires have moved to a tax haven

Many have been awarded honours or hold titles, with at least one viscount, one baron, six knights and one dame among the billionaires.

‘The Magic Money Tree:’ From Modern Monetary Theory to Modern Tax Theory

In its crudest form, a central bank can use special papers, inks and a printer, to create money.

Are doublespeak and Brexit fatigue delaying Making Tax Digital?

New legislation will bring the VAT treatment of supplies of financial services to EU customers into line with the treatment that applies to supplies made to customers in the rest of the world.

Spain and UK reach deal to curb tax evasion in Gibraltar

The agreement sets out stricter rules to determine the fiscal residency of individuals and businesses

40% UK Inheritance Tax: What Omani Investor must know

As the shares of the company were not located in the UK they were considered to be excluded property and not within the scope (unless the individual was deemed domiciled in the UK through years of UK residence).

HMRC admits tax collecting error

In a letter to Nicky Morgan MP, chairman of the Treasury select committee, he admitted: "HMRC may have missed opening enquiries into some cases where full and complete information about the scheme was provided to us."

African Tax Evaders Beware: Britain Has Plans For You

The U.K,.’s programs have included seconding HM Revenue & Customs inspectors to foreign governments.

Alfred Cannan defends tax cap rise for the rich

The tax cap is rising from £150,000 in 2018/2019 to £175,000 for 2019/2020.

HMRC denies letters amount to bullying

We are writing to customers where HMRC has information that shows they have an account or investment overseas

EU Urges Switzerland To Secure Tax Reform's Passage

The European Council called for "a swift enactment of the reform."

Romania finmin says eyes solution on bank tax to dispel fears

Teodorovici told reporters the new measures could include fiscal amnesty, ways for banks to finance the private sector, a “radical” reduction of deadlines for receiving permits and approvals.

Podcast: Credit Funds: Withholding Tax on European Investments

Withholding tax has long been the most significant local tax issue on European lending transactions.

UK middle-income earners ‘sucked into tax schemes’ confess

Research finds St Albans, Edinburgh and Slough are top three for individuals admitting unpaid tax

UK tax avoidance mapped

According to UHY Hacker Young postcodes with high numbers of disclosures were those with wealthier residents and more complex tax affairs

UBS's 5.3b euro gamble in France tax case: deal or no deal?

The danger for UBS and financial prosecutors, but also other companies under investigation in France, comes down to the bet on going to court or pushing for a deal.

PwC considered quitting Ineos over Monaco tax move

Sir Jim was ranked the richest person in the UK last year, with a fortune of £21bn. Currie and Reece each own 20% of the Ineos.

Ryanair pilots fly into £3.2bn tax storm

Airline captains are among 50,000 workers facing huge bills. But MPs say the Revenue is chasing the wrong culprits

Dow Schofield Watts Launches New Tax Consultancy Arm

DSW Tax Consulting is one of a number of specialist tax services offered by Dow Schofield Watts, including private client tax, VAT and tax resolution for those in dispute with HMRC.