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

Pension tax upheaval boosts wealth managers

Rich clients rush to profit from giveaway but must consider wider picture

UK Qualifying Asset Holding Company (QAHC)

The ownership conditions must be monitored on an ongoing basis and HMRC notified if it ceases to satisfy any of the conditions.

Fair and simple taxation: better withholding tax procedures will boost cross-border investment and help fight tax abuse

This is often the case for cross-border investors.

HMRC plans new single tax on securities

Tax on electronic share transfers will continue to be collected through the UK’s Central Securities Depositary (CREST) system.

Netherlands takes forward ‘minimum tax’ proposals for multinationals

The proposed new Minimum Tax Act 2024 would implement an international agreement that the Netherlands is a party to.

Inheritance tax is in ‘dire need of reform’

STEP says it wants to see a low flat-rate estate tax regime with few reliefs and exemptions

Anti-tax bias exists within private wealth industry

The research said the industry uses homogenous “anti-tax” language in its communications and is "too quick" to default clients into products and services focused only on tax reduction and tax-led structuring.

Review SAYE arrangements following HMRC bonus rates guidance, say experts

An SAYE plan offers eligible employees the opportunity to acquire shares in their employer, or parent, company on a tax-advantaged basis.

2% tax on UK rich list families ‘could raise £22bn a year’

Campaigners for tax reform say similar levies in Europe have helped to reduce inequality

Time is right for modest wealth tax urge campaigners

The richest 250 families in the UK are sitting on combined wealth of £748bn

BDO’s Satvir Bungar named on the Empower 100 Executives Role Model list 2023

The Empower Role Model Lists supported by YouTube showcase leaders who are breaking down barriers at work for people of colour within global business.

Time may be running out to reduce your Corporation Tax liability whilst also boosting retirement savings

The company contributions, once made, will be held in a pension arrangement belonging to and controlled by you.

HMRC hits millions of taxpayers with higher late payment charges

In 2022, interest rates on late payments were at 3.25%.

Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth

If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.

HMRC orders soaring numbers of buy-to-let landlords to pay millions of pounds in fines and back taxes - with the number targeted up 83% in a year

Property investors are being caught out by a renewed HMRC push on taxes

Tax