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

Time may be running out to reduce your Corporation Tax liability whilst also boosting retirement savings

The company contributions, once made, will be held in a pension arrangement belonging to and controlled by you.

HMRC hits millions of taxpayers with higher late payment charges

In 2022, interest rates on late payments were at 3.25%.

Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth

If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.

HMRC orders soaring numbers of buy-to-let landlords to pay millions of pounds in fines and back taxes - with the number targeted up 83% in a year

Property investors are being caught out by a renewed HMRC push on taxes

Is now a sensible time to introduce a wealth tax in the UK?

Tax policy should have the effect of maximising the tax take while minimising the damage to the tax base

HMRC pays back £1bn in tax on pension withdrawals

Andrew Tully, technical director, Canada Life, said the latest HMRC numbers just show how complex the tax position around pension withdrawals is.

Frozen thresholds see record breaking £7.1bn inheritance tax take

The ever-increasing tax revenue from IHT presents a conundrum for the government as we approach election season.

EU Global Minimum Tax Directive and Investment Fund Structures

An investment fund must meet several conditions to qualify for the safe harbour

HMRC spends £150mn on IT staff amid academy launch

This was a 91 per cent increase on 2019’s figure of £79,916,209 where only 2,203 staff were in post.

Mazars relocates to hybrid-friendly Edinburgh office

In recent years, Scotland’s first city has seen one of the highest rates of house price growth of any location in the UK, alongside strong wage growth.

Tax reform proposals for carried interest will increase taxes for managers

The proposals as currently drafted not only change the taxation regime of investment vehicles, but also increase the taxes for management.

EY shelves split plans after partner backlash

With new rules forbidding the firm to offer both lines to clients in key markets like the UK, EY’s top leadership also believed that a standalone consulting arm would be in better shape to bag major contracts at large accounts.

Six key points for pension savers as new tax allowance rules come in

In his Budget last month Chancellor Jeremy Hunt dropped what was, in the world of pension taxation at least, something of a bombshell.

EY buries "Project Everest"

In addition, the spin-off plan would have meant high compensation for the consultants and partners of the respective national companies.

Tax year end scramble: Final Bestinvest ISA account funded just five minutes before the deadline

With the end of the 2022-23 tax year considered one of the most important ever, many investors left it to the last-minute to top up their ISAs

Metro Bank draws up plan to avoid risk to taxpayers: Challenger plans for orderly wind-down were it to fail

Metro Bank is one of the most thinly capitalised of the smaller challenger and specialist banks, a recent survey by consultants EY found.

Kreston Reeves shortlisted for top tax award

These awards are acknowledged as the marker of excellence in the tax sector, covering the whole of the tax profession and recognising the contribution made by both individuals and firms, at a national and international level.

VAT and input tax recovery – a legal sector case outcome

There is a basic premise that VAT incurred on purchases is only recoverable to the extent that it is used in the making of taxable supplies by a taxable person.

French prosecutors raid five banks in massive tax fraud case

Authorities said banks, including Societe Generale, BNP Paribas and HSBC, faced a compensation request of more than $1bn.

HMRC opened 25 tax fraud investigations into HNWs in 2022

UK government ‘is likely to continue to invest in this high-end form of tax enforcement’