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

HMRC launches new tax fraud and evasion hotline

The HMRC Fraud Hotline will form an important part of our intelligence gathering operations to bring in more money for the exchequer and the country.

Vistra Expands Footprint in Germany

With the acquisition we hope to bridge the gap currently seen in terms of available service providers in the International Expansion market.

Lloyds Bank eyes ‘micro branches’ as taxpayer stake falls below 2pc

The Treasury has cut its holding in Lloyds to 1.97pc, down from 2.95pc in the middle of last month.

German MEP orders Britain to cut off Commonwealth States in latest Brexit demand

A German MEP is calling on Britain to rescind its relationship with a plethora of Commonwealth states as negotiations continue with Brexit.

Dutch prosecutors seize gold bars, hunt for suspects in tax investigation

The Dutch government has passed information to the other countries

Proposed new law on partnership taxation

This proposal will increase administration costs for firms, their advisers and HMRC, with no benefit or tax intake.

Tax man to be quizzed about F1 deal

The Public Accounts Committee recently raced into the spotlight in sport when it investigated footballers avoiding tax on income from image rights.

Crown Dependency Tax Reporting Bulletin

Guernsey Tax Bulletin

We lose £11.4bn a year in tax evasion – won’t we need that post-Brexit? - George Bull

We’ve been studying HMRC’s tax gap figures spanning six years. The results are startling. While tax avoidance is at its lowest level ever, tax evasion and the hidden economy seem to be increasing inexorably, costing the UK £11.4bn a year

HMRC fails to clamp down on tax evasion as avoidance plummets

However, over the same period the amount of revenue lost via tax evasion

Oxfam Backtracks on Profit Shifting From Dutch Banks

The European Parliament’s second largest political group, the Socialists and Democrats.

2,000 taxpayers call Revenue helpline in offshore crackdown

The Revenue Commissioners wrote to about 500,000 self-assessed taxpayers earlier this year, urging them to reveal any previously undisclosed offshore assets they might have.

UK delays non-dom tax changes to offshore trusts until 2018

The UK government has delayed changes to the treatment of overseas trusts held by non-UK domiciles.

Free markets will do more for equality than high tax

But hold on. Is that really the right direction?

Nine in ten lose out on tax relief due to poor understanding

We want something now, not later, and to some extent that is understandable.

Pension freedoms tax take is a win for consumers and the Treasury

So what do these figures tell us about the success or otherwise of the freedom and choice regime?

European banks post 25b euros of profit in tax havens: report

Oxfam report shows subsidiaries in low-tax jurisdictions are twice as profitable as elsewhere

Which countries’ tax authorities share data with Revenue?

Revenue has agreements in place that cover more than 100 jurisdictions

Government set to launch a reform of tax breaks for investors who back entrepreneurs

Kealan Doyle, chief executive of Symvan Capital, an investment fund manager dedicated to small and medium-sized technology firms, said Treasury officials had indicated a review was imminent.

European Banks Book $27 Billion Profit in Tax Havens

The study was based on data released under new European Union regulations requiring banks to report earnings on a country-by-country basis.