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

HMRC Announces Initiatives To Modernize Tax Administration

HMRC has said it will invest in the development of AI solutions, which will automate the provision of call summaries following taxpayers' calls with HMRC advisers and caseworkers.

HMRC tax take data show CGT changes have backfired as receipts fall sharply

With income tax thresholds frozen, workers are seeing more of their earnings swallowed by the tax system.

New HMRC Service Announced for Workers to Take Control of Their Tax Affairs

The digital first approach will see HMRC automating tax wherever possible and offering new digital self-serve options across a number of tax regimes.

IHT receipts hit £2.2bn in three months: industry reaction

HMRC attributed the rise to increased asset values, more wealth transfers following deaths and the government’s decision to freeze tax-free thresholds until 2029/30.

Tax increases could still be needed - but where do we go from here

With income tax and National Insurance contributions already increased through higher rates and frozen allowances, changes to capital gains tax (CGT) may need to be considered.

Billionaires Leave UK as Government Ends Tax Breaks for Wealthy Foreign Residents

Under the new rules, all long-term UK residents pay taxes on their worldwide income.

Climate groups call for UK wealth tax to make super-rich fund sustainable economy

Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’

Taxing the wealthy: HMRC does not know how many billionaires pay tax in the UK

PAC warns of lack of clarity over how much tax is paid or avoided by the very wealthy, as report highlights significant opportunities to collect more revenue.

UK Chancellor Rachel Reeves does not rule out new wealth tax

The UK chancellor said she was not going to comment on speculation around her next budget when a date for the statement had not even been set.

Inheritance Tax Knowledge Gap: Almost one in three don’t understand laws and tax regimes

Under current rules, inheritance tax is set at 40%

Taxing the rich would rob the UK of ambition

On the face of it, a wealth tax looks like a simple solution to redistributing wealth and helping fill the Treasury’s empty piggy bank.

Ancelotti hit with 1 year prison sentence for tax fraud

Brazil boss Ancellotti, 66, will avoid prison but does have to pay a fine of 386,361.93 euros (£333,045.92) instead

Why the recent VAT case impacts transfer pricing and customs

In the period in question, Högkullen charged around £180k for its services; a value calculated using transfer pricing principles.

Thousands of businesses at risk as inheritance tax charge on pensions threatens commercial premises

With many business founders and owners holding their commercial property in their pensions

UK IHT change set to hit pension pots holding commercial property

With many business owners holding commercial property in their pensions, the new IHT charge from 2027 could force a sale

Digital-First Consumers and Regulation Fuel Neobank Growth in 2025

It also confirmed 38-percent growth of its customer base during the year to 52.5 million, as well as a massive surge in revenues by 72 percent to £3.1 billion.

Which European countries have a wealth tax - and does it work?

Former Labour leader Lord Neil Kinnock has called for a wealth tax in the UK - but how well has it worked elsewhere in Europe?

HMRC accused of cutting secret loan charge deal with large companies

Tax office reached generous settlements while punishing contractors with crippling bills, documents suggest

Reform UK reveals ‘Robin Hood’ policy plan for non-doms

Labour described Reform’s policy as a “golden ticket for foreign billionaires to avoid the tax they owe in this country”.

The importance of information for tax design: Evidence from the French wealth tax

The findings indicate that taxpayers are more likely to under-report the value of less easily verifiable assets such as housing, whereas financial assets are more transparent and thus harder to manipulate.