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

New HMRC data show over 6 million more taxpayers since threshold freeze

The Treasury has grown hooked on the tax revenues this freeze generates, and like any addiction, it may prove difficult to kick even when the damage becomes clear.

‘Way too cheap’ – Tax experts question Reform’s £250K non-dom plan

The scheme is similar to those currently in place in Greece and Italy, which have both benefited from an influx of former UK-based non-doms after the government chose to scrap the old non-dom regime in last year’s Autumn Budget

Wealth advisers helping tax evasion face fresh fines

Advisers who help clients evade tax will face fines under rules that have come into force from 01 January this year.

French authorities search SocGen's offices in tax fraud investigation

This investigation is separate from the so-called "cum-ex" dividend stripping probe involving SocGen, the source said.

Five hacks to generate £16,000 of tax-free income

Meanwhile, tax-free childcare is still under-claimed by working parents and can provide a 20% subsidy on childcare costs, giving up to £2,000 per year, per child.

Nigel Farage Accused Of 'Billionaires' Giveaway' Over New Tax Policy

All of the money raised from the new policy would be given directly to around 2.5 million workers on low incomes, Farage will announce in a major speech on Monday.

Tax gap steady at 5.3% but lowered allowances risk first-time taxpayers falling foul of the rules

The rise in the corporation tax gap is likely driven by a mix of economic strain, increased complexity in the global tax system, and perhaps a lag in HMRC enforcement capacity.

IHT relief for assets held for the benefit of the nation

From 6 April 2026, based on the current proposals, many business owners and their heirs will need to find ways and means to settle not insignificant IHT liabilities.

How escrow and paying agent solutions can save your next M&A deal

Yet, even the best-crafted deal can unravel if the mechanics of payment and fund distribution go wrong.

Wealthy UK Business Owners Report Tax Risk Motivators, Barriers

Business owners with a lot of control over their business financials and not a lot of accounting know-how are particularly at risk

Reaction as IHT receipts rise again

The growth in IHT receipts, and forecasted tax-take acceleration from the OBR, will be welcome news for the chancellor.

Inheritance Tax receipts for April 13.8% higher than April 2024

That is an increase of 13.8% on the same month of 2024.

Clarity on Swiss Taxes

Against this background, trade tensions under the current US administration are evolving

Tax dodging by rich could be ‘much greater than thought’, says UK audit office

Watchdog issues warning after tax authority succeeds in raising more tax from wealthy than previously estimated

How a wealth tax could work in Britain

Calls are growing for a levy on total assets– but enforcement is easier said than done

Caitlin Southall: Pension reform or punishment? Unpicking the IHT debate

Like many in the industry, we identified a range of practical problems, not least for SSASs, which have unique structural characteristics.

Labour taxes edge up in the OECD as real wages recover in 2024

The report looks at eight stylised household types, which vary by income level and household composition.

FOI data shows just 2% of estates use this IHT mitigation rule but its use set to skyrocket

This equates to less than 2% of inheritance tax (IHT) paying estates.

Is it time to end the private equity tax loophole on carry?

Ironically, if taxation on private equity is increased in the US, it is now more likely that it will be at the hands of the Republicans, traditionally the party of finance and low taxation.

HMRC simplifies tax reporting as more taxpayers face Self Assessment amid shrinking allowances

Up to 300,000 taxpayers could be removed from the requirement to complete a Self Assessment return, with a new digital reporting service introduced for those with modest additional income.