Managers of Wealth

Collecting the right tax from wealthy individuals

Information about how HMRC deals with wealthy individuals to help them comply with their tax obligations, and to challenge those who don’t play by the rules.

Credit Suisse accepted suspicious invoices for $140mn Greensill loan

Companies listed on bills tell the FT they did not do the stated business

Collas Crill Awarded 'Best Legal Team' At The 2022 Wealthbriefing Channel Islands Awards

The award reflects our relentless focus on delivering the very best service, advice and solutions for our clients. A very heartfelt thanks and a huge congratulations to our teams in Jersey and Guernsey.'

Credit Suisse Can Pursue Softbank Suit in London

The lawsuit is likely to involve claims of around $440 million, which the Greensill company is asserting against US construction firm Katerra.

New European VAT rules set to increase online travel booking costs

The EU’s new drive to close the gap on undeclared and unpaid VAT on services from short-term accommodation letting to passenger transport mean that many will be liable to either pay VAT for the first time or to pay more VAT than is currently applied

Bank accounts and FX services via EDB

Are your bank accounts compliant with regulation and from an EU authorised credit institution?

New Scots wealth tax on rich proposed to support public services

The report demonstrates how £1.3 billion of reforms could be in place as early as April 2023 to help fund public services and pay.

PIMFA welcomes FCA proposals for a simplified advice regime

These proposals provide consumers with a first step on the ladder towards accumulating wealth in an efficient manner and should build broader individual confidence in the saving and investment market and the financial advice profession more broadly.

Search for Hanno Berger's millions

Hanno Berger is considered one of the architects of the cum-ex deals, with which investors and banks have relieved the German tax authorities of billions.

Julius Baer Pays Hefty Fine on Business with Yukos

The amount was previously disclosed in the mid-year report of the Julius Baer group.

Switzerland Freezes Billions in Russian Deposits

This reporting requirement does not affect people who either have citizenship or permanent residency in Switzerland or the European Economic Area (EEA).

FCA fines Julius Baer International Limited £18m and publishes decision notices for three individuals

This was done on the understanding that the Yukos Group companies would then place large cash sums with Julius Baer from which Julius Baer could generate significant revenues.

Compliance checks come with the territory

Strict rules affect high-earning professionals but help is at hand to cut through the red tape

Deposit protection – the banks have to loosen 2 billion Swiss francs

If multiple people share an account, that community will be treated as a separate customer for security purposes.

Red card for John Carew - Ex-Norwegian international footballer jailed for tax evasion

During the relevant period, Carew had submitted Norwegian tax returns which stated that he was resident in the UK for tax purposes.

Goldman Sachs to Pay $4 Million SEC Penalty in ESG Fund Case

Asset management unit didn’t follow policies, procedures: SEC

CS shareholders give the green light

Bank President Axel Lehmann saw the vote at the general assembly as a vote of confidence.

Alpadis Group obtain license, open new office in Dubai International Financial Centre

Alpadis Group secure license to operate in DIFC, to offer more solutions for financial services, Family Office, Holding companies, investment funds and other structures

Apex Group Budget Briefing - Autumn Statement 2022

The Office for Budget Responsibility saw an average inflation rate for this year of 9.1% and 7.4% predicted for next year.

GFG Takes Step Towards Settlement With Creditors

The agreement, subject to approval, pauses further litigation by the Swiss bank against the steel group.

Legal,Regulation,Tax & Compliance