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

One in five taxpayers dragged into income tax since threshold freeze

The result is that tax bands originally aimed at high earners increasingly capture ordinary professionals, while ministers can raise billions without ever having to announce a tax rise.

Frozen tax thresholds push higher-rate taxpayers to 7.7m

HMRC forecasts the number of higher-rate taxpayers will rise from 5.75 million in 2023/24 to 7.70 million by 2026/27.

Removing tax from food could cost £14m - minister

An assessment found those with the lowest household income would save 12% per year compared to the highest household saving 28%.

A modern replacement? New UK-NZ tax treaty signed

These are headline treaty rates only.

1 in 2 small businesses unprepared for new digital tax deadline

The findings come as sole traders and landlords move to HMRC's MTD for Income Tax requirements, which asks eligible taxpayers to maintain digital records and submit quarterly updates using compatible software.

“Why don’t we scrap tax returns?” Deputy proposes radical overhaul to clear 20,000 backlog

Deputy Collins said when it came to “doing tax forms the only way we’re going to catch up is to stop doing it”.

Andy Burnham's Property Tax Reform: What High Net Worth Individuals Need to Know

His long-standing commitment to overhauling property and land taxation could have material consequences for those at the upper end of the market.

Artificial intelligence and tax disputes: top five risks for trustees using AI

AI is already being used by trustees and their advisers in tax compliance and dispute work, and in some cases for tax planning.

How to use offshore savings to cut inheritance tax like the wealthy

High earners are increasingly turning to offshore bonds to shield their estate from the taxman

The £100,000 tax trap

Most UK taxpayers are familiar with the three main income tax bands: the basic rate, the higher rate, and the additional rate.

Families receive nearly £600m in Tax-Free Childcare top-up payments

This scheme, designed to help with childcare costs, now benefits an all-time high of 868,095 families.

Tax gap widens as the complexity of the system starts to bite

The issue is particularly concentrated among smaller businesses, which now make up 62% of the overall gap.

Key VAT updates for June 2026

Many such businesses have experienced this temporary change before – during the pandemic when the temporary reduced rate had wider scope than it does for the current implementation, and it was in place for a much longer period.

IHT receipts soften again in May but long-term tax pressures continue to build

We are also now firmly in the final year where pension wealth remains outside the scope of Inheritance Tax

Fears QROPS could become subject to UK inheritance tax

Concerns have been raised that pensions caught under the Qualifying Recognised Overseas Pension Schemes could be subject to the UK’s inheritance tax.

HMRC IHT late-filing penalties jump by a third

The firm said the increase is being driven in part by a growing number of families attempting to complete IHT returns without professional advice, often underestimating the amount of information required.

Wealth taxes ‘almost inevitable’ because of AI

Soaring gains from tech shares will fuel political demand for levies on capital

Utmost warns tax on wealthy non-resident property owners will be detrimental to UK

The government is mulling plans to levy an additional non-resident premium on expats who own properties worth more than £2m

HMRC letters landing from Monday to 4m and adds 'you must respond'

Some people need to reply to the letter which is being sent out from June 1 to workers

Modernising the tax framework for financial institutions and financial services

The paper calls for decisive action to simplify and modernise the EU tax framework applicable to financial institutions in order to strengthen Europe’s competitiveness, growth capacity, and strategic autonomy.