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

HMRC data reveals soaring higher rate taxpayer numbers amid frozen thresholds

This continued upward growth in higher and additional rate taxpayers comes as no real surprise given income tax thresholds are set to be frozen until 2028.

KPMG Study: Small Private Banks Fortunate With Interest Rates

For nearly twenty years, the audit and consulting firm has diligently compiled data from bank annual reports.

Germany: Charges against Cum-Ex banker dropped over health

Doctors said the 82-year-old was not healthy enough to complete what was shaping up to be a yearslong trial.

UK’s income and inheritance tax receipts surge amid frozen thresholds

Frozen thresholds and inheritance tax policy has failed to keep up with inflation and therefore these figures will continue to increase.

Quilter Cheviot launches service for Big Four accountancy firms

Quilter Cheviot’s investment management team have undertaken training with each of the Big Four to fully understand personal independence procedures

Super-rich may quit UK over Labour plans for inheritance taxes on trusts

Economists say overall tax levels are likely to approach an all-time high whoever wins the election, despite promises by both main parties not to increase major tax rates.

Financial Planner acquistions boost Chase de Vere

During the year Chase also opened a new Edinburgh office.

UK tax authority ‘particularly vigilant’ on transfer pricing, figures show

A total of 153 transfer pricing cases were settled during the year running to 31 March 2023.

UK wealth taxes in spotlight amid Labour election talk of CGT rise

Labour party is finalising its manifesto as shadow ministers are rumoured to be calling for capital gains tax rise

Saffery shortlisted for the 2024 eprivateclient Excellence Awards

The awards are devoted to recognising the outstanding achievements of leading firms across the private client professions in the UK.

Perception vs reality

The challenges ahead for family businesses

Five years of shared efforts to advance tax transparency bring concrete benefits for Latin American countries

The Tax Transparency in Latin America report is a key output of the Punta del Este Declaration

No deal on global billionaire’s tax, says Yellen

The treasury secretary says proposed annual wealth tax on the ultra-affluent, currently tabled among G7 and G20 countries, won’t get US support.

Inheritance tax drags in 7.2% more from estates as IMF suggests raising death duties

HM Revenue and Customs figures today revealed that Inheritance Tax receipts for April 2024 were £700million, which is £85million or 7.2 per cent higher than the same month last year.

What does a 4 July election mean for non-doms as the UK faces economic challenges?

Tax cuts are set to be central to Conservative pledge

French property owners warned over double tax risk

Wealth tax is also in play as its applied on real estate in the country, including properties owned indirectly, if their value exceeds €1.3m. In these cases, returns must be filed.

HMRC challenging media businesses for research and development tax relief

A third had a claim that was challenged before it was approved by HMRC.

Offshore asset clampdown: 48% rise in foreign tax authorities’ disclosures to HMRC about UK taxpayers since 2019 Pinsent Masons report

Financial institutions within participating jurisdictions are required to identify customers who have been recorded as tax resident in the UK with bank accounts or other financial assets held in that participating jurisdiction.

‘Fantastic opportunity’ given Bahamas in UK tax change

These are persons who, for UK tax, are treated as resident but have their permanent home in another country.

Ireland’s super rich have ‘duty’ to pay more tax, says Oxfam Ireland CEO amid calls for wealth tax

In a turn for the books, a growing number of the world’s super rich are demanding their respective governments make them pay more tax.