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

Interest on overdue IHT payments soars to 6%

It has more than doubled in a year

Malta-registered Stanleybet to pay Italian tax in regulator dispute

Stanleybet insists the ADM still denies the company entry into Italy’s licensing system nad accuses the regulator of having “a historical aversion to Stanleybet”

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe

Police and tax officials in Romania have carried out 17 raids in the fall of last year as part of an investigation against persons accused of evading taxation by concealing profits from transactions with cryptocurrencies, local media revealed.

The rationale of implementing a double tax treaty between Australia and Greece

International tax lawyer and academic, Tony Anamourlis delves into the challenges and benefits of the much anticipated agreement between the two countries

What could a new pensions death tax look like?

These rumours tend to focus on higher-rate pension tax relief, with successive chancellors reportedly salivating over the tens of billions of pounds of extra revenue they might raise by restricting relief to 20% for all.

Assets exempt from IHT to grow in popularity as freeze takes toll

Any estate which exceeds the £325,000 threshold is charged 40 per cent in IHT.

Almost 5.7 million customers still to file their tax return

There is less than one month for millions of customers to file their Self Assessment tax return for the 2021 to 2022 tax year.

It’s a cracker! 3,275 file tax returns on Christmas Day

Thousands of customers filed their Self Assessment tax return on Christmas Day.

HMRC tax receipts soar as more people caught by frozen IHT thresholds

Inheritance Tax and the increasing number of people it impacts is often a source of contention, and this morning’s data will no doubt add to this.

Call for wealth tax as UK billionaire numbers up by 20% since pandemic

‘Sudden explosion of billionaire wealth’ at the expense of the rest of society is ‘grossly unjust’, says Equality Trust

Treasury grabs extra £85bn in taxes from Brits after Covid measures end

Economic activity also recovered over the last year, bumping the government’s tax revenues higher.

Rich Norwegians flee to low-tax Switzerland as wealth levy bites

Business leaders voice concerns over taxes imposed by centre-left government in Oslo

UK tax deductions not available on costs associated with disposal of a business

This decision upheld part of an earlier Upper Tribunal (UT) decision, which also concluded that the expenses were expenses of management, but overturned the UT’s conclusion that the expenses were not of a capital nature.

Important changes planned for Italy's real estate tax framework

Capital gains resulting from the disposal of companies or other entities, wherever they are located, which hold Italian property may become taxable in Italy.

New European VAT rules set to increase online travel booking costs

The EU’s new drive to close the gap on undeclared and unpaid VAT on services from short-term accommodation letting to passenger transport mean that many will be liable to either pay VAT for the first time or to pay more VAT than is currently applied

Treasury tax raid to drag 200,000 Londoners into higher rate

It means that more than a third of Londoners, 36.1 per cent, will be paying the higher rate.

Lower VAT rates to apply in Luxembourg in 2023

The changes were ratified by the Council of State last month and will take effect from 1 January 2023 until 31 December 2023.

Outrageous Predictions: Tax havens will be dried up

They give a good insight into what keeps bankers up at night.

Scottish unions call for ‘progressive wealth taxes’ ahead of Scottish Budget

The union body said a combination of changes to income tax bands

New Scots wealth tax on rich proposed to support public services

The report demonstrates how £1.3 billion of reforms could be in place as early as April 2023 to help fund public services and pay.