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

Govt borrowing hits £100bn for financial year as Budget tax rises loom

Borrowing in this financial year has almost breached £100bn too, 13% higher than last year and the second highest after the pandemic year of 2020.

Switzerland and EU sign Amending Protocol to the Agreement on automatic exchange of information in tax matters

With the Amending Protocol, the Agreement will be aligned to the amended OECD standard and supplemented with new provisions on administrative assistance for the collection of VAT claims.

UK's HMRC targets crypto investors in major tax crackdown

This new number indicated a rise from the previous 27,700 letters sent in 2023, according to data released under the Freedom of Information Act.

CGT penalty cases double as HMRC tightens enforcement

Penalties are based on potential lost revenue, although HMRC may reduce fines for prompt disclosure.

Advisers ‘virtually unanimous’ that tax rises are on the way

About six out of ten (57%) expect VAT rates to rise, while less than two out of five (38%) believe the chancellor will increase income tax rates.

Chancellor puts Cash Isa cut back on the table

However, AJ Bell director of public policy, Tom Selby, said the chancellor is “absolutely right” to challenge the status quo on Cash Isas.

The 12 upcoming tax increases Britons aren’t accounting for

Hargreaves Lansdown discusses the stealth tax increases about to further burden Britons.

Rachel Reeves could impose a surprise 'one off' tax on wealth in Budget next month

The Treasury last night refused to rule out a one-off wealth tax when asked if the Chancellor was considering implementing the proposal at the Budget.

Families use children’s pensions to cut inheritance tax bills

Gifts made this way can become exempt from IHT after seven years.

Over half of Brits want IHT abolished

The research also found three quarters of respondents considered or decided against taking professional advice in relation to IHT.

UK Conservative Party says it would scrap stamp duty

The shock announcement has been branded a “rabbit out of the hat”

British eco-populist leader pushes wealth tax, warns of far-right rise

At the party’s annual conference, new Green leader Zack Polanski took aim at the sitting Labour government and attacked right-wing Reform UK leader Nigel Farage.

Grant Thornton welcomes first cohort of digital trainees

Each year, Grant Thornton’s UK wing welcomes trainees to its offices across the country.

Zucman: French government should’ve listened to me on wealth tax

The popular economist says France’s 3 previous prime ministers ignored his proposal.

HMRC hiring 6,000 new 'tax hunters' to track down cheats in massive crackdown

The Treasury has confirmed that 5,500 new compliance caseworkers and 400 offshore specialists will be brought on board over the coming five years to pursue evaders – with the target of increasing revenues by £7.5 billion by the decade's e

As France teeters on the edge of economic collapse, a wealth tax looms

The Left’s answer to tackle the country’s debt? Make the rich pay more

Life insurance sales soar as families scramble to protect estates from IHT

The firm believes the rush to use life insurance for IHT planning follows the government’s announcement at the last Budget that more assets will become subject to inheritance tax.

Chancellor makes no effort to quell tax rise fears in Labour conference speech

The Chancellor used the rumoured freeze extension as her ‘rabbit out of the hat’ moment at last year’s budget

Tax-free pension lump sums and cancellation rights

Under our rules, consumers have the right to cancel certain contracts, typically within 30 days of entering the contract, if they change their mind.

UBS resolves legacy French tax matter, pays EUR835 million

As part of the resolution, UBS AG agreed to pay a fine of EUR730 million and EUR105 million in civil damages to the French State.