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

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.

Blick Rothenberg’s new Head of Tax hits out at lack of tax simplification in the UK and calls for a wholesale review on how tax is levied

Despite two new policy papers in the last few days, the Office for Tax Simplification (OTS) is just tinkering around the edges and not sorting out a system that was designed years ago, writes our new Head of Tax, Caroline Le Jeune.

Legal decision against HMRC could open the floodgates

The decision in this case confirms that HMRC are not able to use the discovery power to assess the child benefit charge where no tax return has been submitted.

European Commission Adopts New Sustainable Finance Strategy and Proposes European Green Bond Standard

The framework also contemplates “transition” financing by making sure that the related funds raised by the bond are allocated to environmentally sustainable investments.

‘LuxLetters’ Investigation Uncovers Tax Loophole in Luxembourg

If tax authorities don’t respond, the letter turns into an agreement and the companies pay as much as they offered to.

How to get offshore tax planning right

It concentrates on unintentional non-compliance, rather than offshore tax avoidance or evasion.

Italian revenue agency’s new tax assessment guidelines affect multinationals

A specific section is dedicated to international aspects, including the increasingly common use of exchange of information procedures.

Proposed UK asset holding companies marks tax change

The UK is looking to introduce its own holding company regime to rival Luxembourg and allow funds to base their investment structures here

ICAS urges the UK Government to improve tax administration in ten key areas

ICAS has published a new report, Tomorrow’s Tax Administration, setting out its top ten priorities for UK Government action to improve tax administration.

Opinion: The global tax revolution is coming

One hundred and thirty countries have reached an agreement on implementing a better system of taxation, under the aegis of the OECD.

How can HMRC encourage more co-operative relationships with the wealthy and their agents?

“Wealthy” being anyone with an income over £200,000 per annum or assets of over £2m.

Switzerland takes over presidency of Intra-European Organisation of Tax Administrations

The FTA has been a member of IOTA since 2006 and has been a member of the nine-member Executive Council since summer 2019.

Record pension tax take shows risks of moving retirement goalposts

These eye watering figures explain why senior clinicians in the NHS have chosen to stop work or retire due to the huge tax bills they are facing each year for breaching the AA.

French court rejects constitutional challenge by UBS in tax case

Lawyers for UBS argued in the appeals trial three months ago that despite whistleblowers coming forward

UK: Overview of the taxation of cryptoassets

Because of the volatility in the crypto market, actually valuing cryptoassets on disposal can be complicated.

Private client review for June

In this article, the June monthly update review for Tax Journal, Edward Reed and Mark Stichbury look at a number of private client developments.