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

HMRC shutters one dedicated tax avoidance investigation unit

It had been tasked with assessing family investment companies

Don’t jeopardise tax reliefs through a lax approach to grazing lets

Despite APR being a generous relief, it only removes from inheritance tax (IHT) the agricultural value of the land, and it is often the case that land has hope or development potential which would still be exposed to IHT.

UK proposes new tax regime for fund asset holding companies

The government issued a second consultation on the proposals in December and has now set out the plans for reform in draft legislation, a policy paper and a consultation response document.

How your cryptoassets will be taxed in the UK

This means that investors found to be evading tax bills may incur severe penalties – further evidence for why getting your cryptoasset taxes in order is crucial.

Maltese trusts – an attractive estate planning tool

Whilst the main aim behind Malta’s adoption of the trust is the offering of a further tool for estate planning, protection and security, from an international perspective, a trust with a Maltese trustee, whether individual or corporate, may also pro

French tax: Inpatriates regime provides tax exemptions

This includes employees and directors who are posted or made available as part of an intra-group transfer, for instance, from a foreign parent company to a subsidiary based in France.

Increased IHT tax take shows nil rate band freezes are working

HMRC could not accept paper cheques at the height of Covid-19, and with digital tax still not where it needs to be, we are now seeing these payments being processed as normalities return.

Man Utd and Newcastle in HMRC tax probe as it nets £464m from football world

The UK's HM Revenue & Customs clawed back around £464m from football players, clubs and agents after a six-year probe into the sport, the Daily Mirror has reported today (29 July).

Taxpayers may not need to pay HMRC

“As the 2019/20 UK tax returns were not – in the main – impacted by the Covid Lockdown, many self-assessment taxpayers may find that their 2020/21 income is much lower than their earnings for 2019/20."

ESC B18: limitations to the tax credit available for UK beneficiaries of non-UK resident trusts

As for UK resident beneficiaries of non-UK resident trusts

Global tax guide to doing business in...

The complexities and intricacies of navigating different tax systems has proven to be a challenge for multinationals that operate in more than one country.

Tax authorities ask Germany for data of Maltese with offshore Dubai accounts

Malta is on the hunt for international tax dodgers

Tax Espresso – Special Alert

Global Minimum Tax Frequently Asked Questions (FAQ)

UK proposes new tax regime for fund asset holding companies

The government issued a second consultation on the proposals in December and has now set out the plans for reform in draft legislation, a policy paper and a consultation response document.

Proposal for a 15% minimum corporate tax rate by the G7

This initiative has successfully culminated in changes to tax treaties and domestic legislation across a large number of countries since 2016, promoting a fairer international tax system.

Windfall: one third of Scotland’s biggest wind farms linked to tax havens

The “bright green image” promoted by the renewable energy industry is “more a murky shade of grey”, says one.

How your cryptoassets will be taxed in the UK

With bitcoin advancing more than 300 per cent in 2020, and 73 per cent of HNW individuals expected to invest in cryptoassets before the end of 2022, understanding how your digital assets will be taxed is essential.

EU puts digital tax plan ‘on hold’ during OECD talks

New levy plan was due to be unveiled later this month

Inheritance Tax: Being the ‘Bank of Mum & Dad’ may cut your IHT bill - 'Everyone wins'

INHERITANCE TAX may leave Britons with a hefty bill, however, the costs may able to be cut through an approach which ensures "everyone wins".

HMRC provides further clarification on key trust registration issues

We are pleased to report that HMRC has now provided further clarification on several issues.