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

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.

HMRC taxpayer information notices

HMRC is not required to make an informal request prior to issuing a Schedule 36 notice, so in some circumstances, HMRC may consider it more appropriate to simply issue a Schedule 36 notice straight away.

How can investing in AIM shares help to manage inheritance tax (IHT)?

This compares favourably with the usual rules that apply to gifts and simple trust transfers, when you have to survive for seven years before they fall out of your estate.

Advisers’ guide to tectonic tax shifts

We outline the tax allowances available to use this tax year in light of the autumn statement.

Tax band freezes equivalent to 3.5pp rise in headline tax

Most taxpayers don’t understand how ‘fiscal drag’ works

How to ease your tax burden by using available allowances

As the enormity of the Chancellor’s tax measures sink in, it is abundantly clear that the UK faces several years under a historically high tax burden.

‘Double tax trap’ risk from IHT and CGT changes

‘People could fall foul of the fiddly rules and not know they have an extra tax bill to pay’

Wealth taxes on middle class to rake in £130bn in the coming years as squeeze intensifies

The haul will rise from £6.7billion this year to a record £7.8billion in 2027-28.

Santander boss hits out at bank windfall taxes

Ana Botín says strong banks can lend more and boost the economy

‘Deep freeze’ and tax cuts mean bad news for IHT and CGT

Chancellor Jeremy Hunt unveils ‘balanced plan’ to cope with record inflation and cost-of-living crisis

Spain's additional wealth tax legislation could take effect in 2022

In some places, including Madrid, this has resulted in wealth tax being reduced to zero.

Apex Group Budget Briefing - Autumn Statement 2022

The Office for Budget Responsibility saw an average inflation rate for this year of 9.1% and 7.4% predicted for next year.

UK adopts further international exchange of information on tax matters

The UK has signed up to two new multi-lateral competent authority agreements (MCAA) for the automatic exchange of information about two different categories of international activity.

Being Proactive in Tax Planning is the Only Way Forward in a World of Tax Policy Uncertainty

Individuals with connections to the UK and the US are faced with even less visibility in their tax affairs given the midterm elections, which will likely define the US tax outlook for the rest of the year and beyond.

Hybrid and remote working within the UK – what next?

The Office of Tax Simplification is preparing its report and recommendations – what might this mean for employers?

UK to cut surcharge on bank profits to 3% to keep industry competitive

UK banks currently pay 8% surcharge on profits on top of the corporation tax rate of 19%

Democrats take the Senate, but uncertainty over House control next year clouds tax policy outlook in the near term

This special edition of Tax News & Views looks at the tax policy implications of the congressional midterm elections based on the results currently available.

Sunak considers raising additional rate tax band

The prime minister is considering raising the 45% rate or lowering the £150,000 threshold at which the tax band kicks in.

HMRC launches a campaign focused on offshore companies owning UK property

HM Revenue & Customs (HMRC) is launching a new campaign targeted at offshore companies which own UK property.

Could you face inheritance tax on your property?

Rising house prices could mean that unsuspecting homeowners face an inheritance tax bill on their estate.