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

Tax rollover applied to share for share exchange despite tax saving motive

In this case, Euromoney negotiated terms with a third-party buyer to buy its shares in two joint venture companies.

C Hoare & Co sells tax advice business

Acquirer says deal was a ‘natural move’

The UK's offshore tax havens are quietly luring investors away from the likes of the Cayman Islands and Bermuda this 'crypto winter'

UK tax haven islands Jersey and Guernsey are stepping up their efforts to attract crypto and blockchain investors.

The UK Inheritance Tax Traps That British Expats Should Avoid

The optics of this tax advantage might attract the attention of the press if, for example, you are the Chancellor of the Exchequer and your spouse is a wealthy non-dom.

Double taxation emerges as fresh hurdle in European free trade deal

The EU’s outgoing ambassador to Australia, Michael Pulch, said the tax treaty issue was important to the nine nations

Consumers urged to pay tax bills on time as HMRC raise interest for late payments to 4.25%

The hike in repayments comes after an increase to the Bank of England’s base rate and when consumers face rising prices in the cost of living crisis

Wealth adviser boosts tax advisory capability

Tax director Stephen Martin, who was hired last year, said it was important to 'provide solutions to all our clients'.

Hawksmoor’s Ian Bailey: Process has to fit the client, not the other way round

‘Wealth managers try and undercut each other, but we find that clients increasingly recognise you get what you pay for’

PwC fined nearly £1.8m over BT fraud audit failures

Accounting firm failed to act with ‘requisite professional scepticism’ says accounting regulator the FRC

HMRC bags record £14.3bn in capital gains tax

A 42% increase from the 2019-20 financial year

HMRC rakes in £6bn IHT receipts as more families caught in the net

HMRC’s figures released today (28 July) cover the 2019-20 tax year and they showed an increase in the number of estates paying inheritance tax.

GAAR advisory panel backs UK taxpayer in anti-abuse dispute for first time

The panel concluded that, despite the arrangements being contrary to the policy objectives of the legislation and exploiting a shortcoming in the legislation, the steps taken were a reasonable course of action for tax purposes.

Getting ready for R&D tax credit regime changes

HMRC is reviewing the treatment of foreign branches of a UK company within this context, and we should understand more in due course.

Taxation of BPS Lump Sum Exit Scheme payments clarified by HMRC

The LSES provides a lump sum payment for eligible farmers seeking to retire from farming, replacing the payments that would otherwise have been due to them under the Basic Payment Scheme (BPS), through to 2027.

One Four Nine Group launches its tax efficient alternative investment panel

The One Four Nine panelled solutions are delivered by a variety of carefully selected fund managers

Sunak promises to scrap VAT on fuel bills if PM in dramatic U-turn

Year-long cut to help tackle cost of living crisis announced as contender battles to remain in leadership race against Truss

Adsum revolutionises alt-fi again, launches monthly tax-credit financing model

Similarly, VAT refunds, particularly after a company makes a sizable investment, can be a vital source of funds that companies can't afford to wait for.

Treasury committee opens inquiry into tax reliefs

Questions the committee has asked include do “cliff edges” in the structure of tax reliefs lead to problem for taxpayers, businesses or for the wider economy, as well as what problems do tax reliefs cause.

Ex-KPMG junior escapes fine in Carillion document forging case as senior auditors banned from practice

Ex-KPMG accountants fined and banned for role in Carillion cover-up

Peter McGahan: The stars that unnecessarily fell through tax advice

Many of these have agents who often determine the individual’s financial adviser, and with such complex financial issues, schemes can be put forward by an ‘adviser’, keen to impress, that sail way beyond ‘close to the wind’.