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

What could a 'wealth tax' look like?

Based on that model it was estimated that £260bn in tax would be raised.

Denmark Tax Agency Clarifies Tax Residence Under DTA With Switzerland

The taxpayer inquired as to whether she could be considered a Swiss tax resident under the 1973 DTA with Switzerland.

HMRC invests £3m to improve payment processes

HMRC has signed a £3m contract for open banking services, the government’s largest to date, with start-up fintech Ecospend, in a bid to streamline its payment processes and reduce errors

Saffery Champness & Nordicity commissioned to report on Scotland's screen sector

The aim of the study is gain a clearer understanding of the value of the screen sector to Scotland's economy, and how this sits in a UK-wide context.

New rates of stamp duty for non-UK residents from 1 April, says accountants Hillier Hopkins

“The new rates do not apply to commercial and retail properties and are likely to remain attractive for overseas investors.”

Group of experts defines tax-related areas of action for Switzerland

The group of experts was instructed by Federal Councillor Ueli Maurer to draw up areas of action to strengthen Switzerland as a tax location.

Stamp duty receipts up 33% in Q4

"The ongoing Stamp Duty holiday undoubtably contributed to his uptick in demand, with the opportunity to save as much as £15,000 in tax encouraging many to press ahead.

Don't get caught in the 60% tax trap

There’s a little-known tax ‘sinkhole’ that could catch you unawares and leave you paying more tax than you need to. We look at ways to sidestep it

RSM publishes its Budget tax predictions

Undeterred by current crises, our team of able tax specialists has carefully scrutinised tax developments so we can today publish our Budget tax predictions.

Tax investigations: HMRC's high risk wealthy programme

It is possible to request, where the tax at risk is great enough, that a dispute becomes part of the HRWP programme, but whether a case becomes part of the programme is entirely a decision for HMRC.

Peter Hargreaves and Leonie Schroder were two of the UK's biggest taxpayers - reports

The Sunday Times Tax List 2021

Rishi Sunak plans to hit middle classes with Covid-19 bill: 'Tax rises are coming'

The country will soon learn the full impact of the third lockdown, implemented at the end of 2020, but Mr Sunak is already planning ways to pay for the pandemic.

Inheritance Tax: The 'quick and simple steps' which could get finances in 'better shape'

"Results for the 2019/2020 tax year already show the beginning of a slight dip in IHT receipts which for the large part has been attributed by HMRC to their refusal to accept cheques in the early stages of the pandemic," Mr Jones continued.

Capital Gains Tax changes could impact small business owners

Chancellor may renew focus on the tax to help foot the COVID-19 bill

EU blacklist does not properly identify tax havens, Parliament says

This seems to have been the drop that overflowed the bowl.

EU tax information exchanges fail to reach potential

Gaps in the exchange of tax data in the EU may encourage tax avoidance and evasion, according to a report from the European Court of Auditors (ECA)

Belgium: Draft legislation on new annual tax on securities accounts published

The compliance obligations are broadly in line with those for the previous tax on securities accounts.

Govt urged to sort out 'mess' of investment taxes

Under the current structure, people generating the same overall level of income can attract very different tax bills, according to the legal form in which they work.

MEPs vote to add Channel and British Virgin Islands to tax haven blacklist

UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership

Relocating to Italy: the Italian Tax Authority unveils new rules for employees

Individuals who meet these criteria are subject to individual income tax in Italy on only 30% of their employment/self-employment/business income.