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

Income tax, NI and inheritance tax take increases as government fiscal policy in spotlight

Inheritance tax was also an area that was rumoured to be abolished at the Autumn Statement but never materialised.

Tax credits will benefit companies investing in digital and green transformation

Digital transformation is defined as achieving an innovative process or an organizational innovation through the implementation and use of digital technologies.

Not done your tax return? Unclaimed pension tax relief is a major reason to do so

It is therefore very unwise to leave this until the final couple of days, as you may need a few days to juggle money around.

Audit or independent examination?

This has inevitable implications for the costs of the work and therefore the fees charged to the charity.

Majority of advisers plan to increase clients’ exposure to AIM over the next 12 months

The three most important reasons for the highly positive sentiment towards AIM is primarily because advisers believe it offers investors unrivalled access to exciting smaller companies with new technologies and new business models.

Side hustles, crypto and tax reliefs: Know what to declare to HMRC and avoid overpaying with these self-assessment and tax return tips

Toby Tallon, Partner in Private Client Tax Services at professional services and wealth management firm Evelyn Partners, has the following self-assessment and tax return tips.

CoinTracking releases crypto tax tool for UK investors

The leading crypto tax software since 2013, CoinTracking, has addressed these challenges and becomes the go-to solution for investors.

UHNWs brace for tax reform in election year

Non-dom status and IHT are set to be front and centre on the political stage. Tax advisers share how clients are already taking action

Advisers will help clients get to grips with new tax rules

In April the government will reduce the capital gains tax exemption to £3,000 - it stood at £12,300 before April 2023 and fell to £6,000 in the current tax year.

EY’s Catriona Campbell awarded MBE for services to technology and innovation

Catriona has been a Partner at EY since 2018 and currently works with clients across the public and private sectors to help them harness the power of technology in their organisation.

VAT on period pants scrapped

Women will save up to £2 on period pants on average as the government scraps VAT on the underwear.

Introduction of OECD/G20 minimum tax rate with effect from 1 January 2024

The Federal Council will decide on other elements of the OECD/G20 regulatory framework at a later date.

Tax and NI receipts climb ever higher ahead of Chancellor’s 2% cut

Financial planners can help people manage their tax affairs to optimise their money.

How the new Scottish income tax band impacts pension savers

The increase in the income tax rate for higher earners may lead to a reconsideration of their pension contribution strategies.

HMRC’s Christmas Nudge: Pandora Papers

With the festive season fast approaching, HMRC has released the latest round of nudge letters urging taxpayers to review their tax affairs in light of the Pandora Papers data leak.

UK’s largest listed companies contribute £90 billion in taxes

The 100 Group represents the views of the finance directors of FTSE 100, and several large UK private companies.

KPMG may merge its UK and Swiss accounting arms to boost growth

Partners in both countries were told of the potential merger on Friday, according to one person familiar with the matter.

PwC agrees strategic partnership with Engine by Starling

Software-as-a-service subsidiary of Starling Bank teams up with PwC

How Christmas gifts to your family can help to beat inheritance tax – if you stick within the rules

The only time, in the main, that a donor will be subject to tax upon a gift during their lifetime would be if they made a gift to a discretionary trust, over the donor’s available inheritance tax nil rate band.

UK VAT: ‘refer a friend’ schemes may attract VAT liability, tribunal rules

Although Bulb went into administration after this appeal was commenced, the administrators have decided to proceed with the appeal thus far.