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

Banks pay additional £40 billion in taxes

The UK Government has introduced £40 billion in additional bank-only taxation over a period of a decade.

Buy-to-let with your pension? Four tax traps

Many pension savers will be tempted to use the new freedoms to invest in property. We investigate the risks

Budget means HSBC and Standard Chartered banks will pay £1bn less in tax

But changes to bank levy and launch of new surcharge will also result in other banks – including Lloyds and RBS – paying more

Competitive edge of UK challenger banks could be blunted by new surcharge

Challenger banks have had an unexpected hit that proportionally hits them more than global banks

Athens proposes tax amnesty on Swiss assets

We do not know the amounts

Non-Dom Chamge Threatens 'MassExodus', Boosts UK As Family Office Centre

UK government proposals to abolish permanent non-domiciled status and reduce the status timeframe to 15 years could lead to “a mass exodus of older money”, a private client lawyer predicts.

Swiss Poised To Support Greek Tax Amnesty

Struggling to pay off more than €300 billion CHF313 billion in debts, Greece is banking on Switzerland to help it recover a treasure trove of undeclared assets that tax cheats have stashed in alpine vaults.

SJP Budget Report: Summer 2015

The Budget Report provides analysis on the changes, key facts and figures, and useful financial planning tips.

It’s the morning after the night before. The rabbits are out of the hat.

n a Budget which will add dramatically to the length of the UK tax code, the Chancellor of the Exchequer yesterday proposed tax increases of £47bn while reducing welfare payments, increasing the minimum wage and reducing the corporation tax rate.

OECD backs Guernsey as cooperative jurisdiction

Following Guernsey being placed on an EU tax 'black list' as a non-cooperative' jurisdiction, the OECD has come out in support of the island.

Spain and Taxation: Busting the Myths

There are estimated to be 1 million Britons living in Spain, with UK expatriates making up the largest group of European foreign nationals.

RBC Wealth Management - 2015 UK Budget commentary: Radical Budget

Let’s be in no doubt, this was a radical Budget.

'We could raise rents if we lose tax breaks,' UK landlords warn Osborne ahead of summer Budget

Landlords say they may be forced to hike rents if Chancellor George Osborne sweeps away lucrative tax breaks in tomorrow's Budget.

George Osborne family business' £6m offshore deal

Chancellor George Osborne's family business made £6m in a property deal with a developer based in a tax haven, Paul McNamara and Guy Basnett investigate.

Athens eyeing deal to tax assets hidden in Swiss banks: report

The government made up of the left-wing Syriza party, whose survival likely depends on the referendum outcome, has promised to tackle tax evasion which hurts Greece's already devastated economy.

OECD backs Guernsey as a cooperative jurisdiction

Monica Bhatia, Head of the Secretariat of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes said: "I am very surprised that Guernsey has been included in a list of non-cooperative jurisdictions. We are very pleased wi

Barclays hires KPMG as its auditor after 120 years with PwC

The bank is replacing its auditor as the industry moves to shake up the way the books are reviewed

HMRC takes in record levels of inheritance tax

HM Revenue & Customs took in nearly £400m worth of inheritance tax payments in April, the biggest ever amount for a single month.

Guernsey FATCA reporting update - Deloitte

The Guernsey Income Tax Office have announced they will not impose penalties on local Financial Institutions which did not meet the 2014 US FATCA reporting deadline of 30 June 2015 providing filings are made by 8 July 2015.

A Budget for business? by George Bull

Last March we were promised ‘a Budget for business’, but will it be the same story second time around?