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

HMRC nudge letters include specifics of wealthy taxpayers’ offshore affairs, tax advisory firm says

A top tax adviser praised the letters as ‘a welcome step towards transparency from HMRC’, but warned that anyone who receives one risks ‘much harsher penalties’ should they decide not to respond

Tax receipts climb as fiscal drag does the heavy lifting before the Budget

Yet despite these significant tax receipts, it is clear the government is still struggling to meet its fiscal needs.

Advisers call for 'taxation certainty' in Budget

Clients were also concerned about potential changes to taxation in the Budget.

State pension to surpass personal tax allowance threshold as inflation rises to 3.5%

It also strengthened expectations of higher interest rates from the Bank of England.

Chancellor should cut benefits instead of taxing banks, says International Monetary Fund

There are also concerns that a windfall tax could encourage international banks to shift their London and UK operations overseas.

Are you paying tax in the right country?

If you are moving to Portugal, have settled here, or spend significant time here each year, understanding your tax position should be a priority.

Five Detained Across Cyprus, Germany, and Italy in Massive VAT Evasion Case

The enforcement sweep took place following warrants initiated by the European Public Prosecutor’s Office in Munich, resulting in three arrests in Cyprus, one in Germany, and one in Italy.

Hungary proposes wealth tax for HNWIs and private structures

Hungary's recently elected government has published draft legislation for a wealth tax of between 1 and 1.5 per cent.

John Healey eyes bank tax rise to fund winter energy support

The Government will use the extra funds to help provide a planned package of support for poorer households and businesses with their energy costs over winter.

Chancellor set to resist calls to align CGT with income tax at Budget

In reality, investor behaviour plays a significant role in determining how much tax is ultimately collected.

Deloitte’s Cyprus Office Helped Abramovich Firms Relocate Billions in Assets in Apparent Bid to Sidestep Tax and Transparency

A trove of emails shows that Deloitte Cyprus helped firms beneficially owned by Roman Abramovich attempt to skirt tax and disclosure obligations by retroactively transferring assets to British Virgin Islands companies using backdated paperwork.

Wise negotiates HMRC settlement after tax errors affect 4,000 customers

FinTech platform Wise is negotiating a settlement with HM Revenue & Customs after errors in its software led to around 4,000 of its investment customers paying the wrong amount of tax.

Badenoch pledges to scrap inheritance tax on family homes

Badenoch stopped short of promising the immediate abolition of inheritance tax, saying this would depend on the public finances.

UK trade welcomes ‘delay’ to 17% Maldives tax

Travel businesses already work with local suppliers who are responsible for paying taxes in their own destinations.

Foreign tax offices step up hunt for wealthy Britons’ money

Overseas requests to HMRC for information hit seven-year high as scrutiny of offshore wealth grow

First-tier tribunal decision delivers lessons for taxpayers in R&D case

HMRC challenged whether the company’s activities linked to two waste handling projects met the statutory requirements to qualify for R&D tax relief.

YouGov poll ahead of October Budget shows over half of the British public want complete abolition of IHT

There has also been stagnating support for raising the £325k threshold at which IHT must be paid.

Netherlands drops wealth tax plans amid exodus fears

Dutch PM ditches plans to tax paper profits in favour of a capital gains levy

FEIFA partners with Tax Innovations to provide members with cross-border expertise

TI will also provide members with specialist planning for clients who are non-UK residents but own UK property

Saffery achieves highest ranking in eprivateclient’s 2026 Top Accountancy Firms listing

Widely regarded as the UK’s leading private client firm, Saffery has the UK’s largest private client team, which generated £75m fee income in FY25/26.