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

Tax avoidance products ‘in decline’ across the UK

But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’

If you want a bailout in Europe, don’t use tax havens

Skeptics say measures don't do enough to combat fiscal paradises within the EU.

Report points to 'hard-core' group behind tax avoidance

The information gathered in 2017 showed the tax avoidance sector was being maintained by a "hard-core" group of as many as 20 promoters with a "long history of operation" in the UK and who were well known to HMRC.

Tax avoidance products ‘in decline’ across the UK

But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’

UBS Appeal in $4.9 Billion French Tax Case Delayed Amid Virus

A new date for the case will be set at a court hearing later this year.

UK taxman offers no quarter to offshore asset holders

HMRC allowed relief to all taxpayers affected by coronavirus but not those with assets abroad

HMRC tax receipts down £2bn in March

Statistics released by HM Revenue & Customs for the 2019/20 tax year show tax received by the taxman shrunk to £41.3bn in March

Denmark bans tax haven companies from accessing coronavirus bailout money – will other countries follow?

As companies ask for public funds to stop them going bust, some are facing scrutiny over how much – or how little – tax they pay

Weekly Tax Brief - 21 April 2020

Over the last 25 years, digitalisation has changed the UK tax-reporting landscape out of all recognition.

2019 tax return filing deadline for individual taxpayers

The official deadline for paying due taxes for 2019 Russian tax returns remains the same – 15 July 2020.

Weekly Tax Brief - 15 April 2020

New Government guidance makes it clear that, to claim the furlough grant when the portal opens by the end of April, organisations need a PAYE online account.

Tax and Fiscal Policy in Response to the Coronavirus Crisis: Strengthening Confidence and Resilience

Policy adaptation will be key.

UK taxman halts investigation enquiries

But it may be better to deal with HMRC now ‘rather than store up problems for the future’

Pandemic Disruptions Could Throw Tax Agreements into Limbo

Companies could deviate from government-approved tax arrangements

Germany ‘bullies’ US airman over income tax

EU country is claiming contributions despite international agreements on army exemptions

Switzerland: New rules on inter-cantonal tax allocation established

Daniel Stutzmann and Manuel Angehrn of Deloitte Switzerland consider how the Swiss tax reform has led Swiss cantons to move towards a ‘function-based’ tax approach.

Coronavirus - what are the tax implications of being stranded outside the UK?

Earlier this week, we also looked at the immigration issues facing those who are in the opposite situation: currently stranded outside the UK.

Tackling the coronavirus: OECD Forum on Tax Administration publishes actions that tax administrations are currently taking to support taxpayers

These include measures to address cash-flow concerns, difficulties in meeting reporting and payment deadlines and communication initiatives.

Putin’s Tax Hikes Compound Pandemic Angst for Wealth Managers

Some advisers say buy now, while others warn of double bottom

Ireland: Solving the Dutch VAT problem for CLO transactions

Structuring options allow for bankruptcy remoteness.