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

EU Global Minimum Tax Directive and Investment Fund Structures

An investment fund must meet several conditions to qualify for the safe harbour

HMRC spends £150mn on IT staff amid academy launch

This was a 91 per cent increase on 2019’s figure of £79,916,209 where only 2,203 staff were in post.

Mazars relocates to hybrid-friendly Edinburgh office

In recent years, Scotland’s first city has seen one of the highest rates of house price growth of any location in the UK, alongside strong wage growth.

Tax reform proposals for carried interest will increase taxes for managers

The proposals as currently drafted not only change the taxation regime of investment vehicles, but also increase the taxes for management.

EY shelves split plans after partner backlash

With new rules forbidding the firm to offer both lines to clients in key markets like the UK, EY’s top leadership also believed that a standalone consulting arm would be in better shape to bag major contracts at large accounts.

Six key points for pension savers as new tax allowance rules come in

In his Budget last month Chancellor Jeremy Hunt dropped what was, in the world of pension taxation at least, something of a bombshell.

EY buries "Project Everest"

In addition, the spin-off plan would have meant high compensation for the consultants and partners of the respective national companies.

Tax year end scramble: Final Bestinvest ISA account funded just five minutes before the deadline

With the end of the 2022-23 tax year considered one of the most important ever, many investors left it to the last-minute to top up their ISAs

Metro Bank draws up plan to avoid risk to taxpayers: Challenger plans for orderly wind-down were it to fail

Metro Bank is one of the most thinly capitalised of the smaller challenger and specialist banks, a recent survey by consultants EY found.

Kreston Reeves shortlisted for top tax award

These awards are acknowledged as the marker of excellence in the tax sector, covering the whole of the tax profession and recognising the contribution made by both individuals and firms, at a national and international level.

VAT and input tax recovery – a legal sector case outcome

There is a basic premise that VAT incurred on purchases is only recoverable to the extent that it is used in the making of taxable supplies by a taxable person.

French prosecutors raid five banks in massive tax fraud case

Authorities said banks, including Societe Generale, BNP Paribas and HSBC, faced a compensation request of more than $1bn.

HMRC opened 25 tax fraud investigations into HNWs in 2022

UK government ‘is likely to continue to invest in this high-end form of tax enforcement’

HMRC opens 25 new tax fraud investigations into wealthy individuals

The unit only reserves criminal processes only for serious investigations.

Stealthy fiscal drag effect sees HMRC tax take soar

The rising cost of living has triggered an uplift in pay, and many will have started paying income tax for the first time or moved into a higher rate as a result.

Three ways Jeremy Hunt has increased the tax burden on higher earners

The kind of budget on the cards usually depends on where we are in an election cycle, with governments keen to save up their giveaways for when the public is starting to think about polling day, and to get unpopular policies out of the way early on in an

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