Our Locations
Monaco
Monaco is a thriving enclave renowned for its strategic significance in international finance.
Monaco has a unique position as a low-tax jurisdiction and serves as an ideal hub for UHNI and businesses seeking favourable tax conditions and a sophisticated financial landscape.
15 Avenue Crovetto Freres,
98000,
Monaco
Phone
+33 (0) 60 79 39 490
Email
lma@veragroupltd.com
Our Monaco Team Leaders
Andrea La Magra
Monaco Director and Partner
Paolo di Filippo
Founder
Our Insights
On 3 March the UK Chancellor – Rachel Reeves – delivered the Spring Forecast 2026. The economic outlook reflects global uncertainty, including conflicts in Iran and the Middle East and potential energy price shocks. The government is prioritising stability, support for families, and national security, with defence spending at its highest level since the Cold War.
On 3 March the UK Chancellor – Rachel Reeves – delivered the Spring Forecast 2026. The economic outlook reflects global uncertainty, including conflicts in Iran and the Middle East and potential energy price shocks. The government is prioritising stability, support for families, and national security, with defence spending at its highest level since the Cold War.
Making Tax Digital for Income Tax (MTD ITSA) is coming!
This major UK tax reform requires self-employed individuals and landlords to:
Keep digital records; Submit quarterly updates to HMRC; Make a final annual declaration.
Mandatory dates start from April 2026, with penalties for late filing or payments.
Now’s the time to prepare and choose MTD-compatible software and we are happy to assist with this!
Major upcoming tax reforms include a new mansion tax on £2m+ properties, higher tax rates on property, savings and dividend income, a £2k cap on NIC relief for pension salary sacrifice, tighter rules on image rights, reduced CGT relief for EOTs, and an IHT cap for historic non-dom trusts.
Pre-Budget Leaks: Key Proposals Ahead of the 2025 UK Budget
Ahead of Chancellor Rachel Reeves’ 2025 UK Budget, several leaked proposals are gaining traction:
Mansion Tax: A new levy on properties over £2 million, starting at £4,000 annually.
Property Revaluation: A revaluation of homes in council tax bands F, G, and H, the first since 1991.
National Insurance on Landlords: Proposals to require more landlords to pay NI contributions.
Income Tax: No rate increases, but a potential freeze on tax thresholds beyond 2028.
Pensions: A £2,000 cap on salary-sacrifice pension contributions, triggering NI liabilities above this threshold.
EV Tax: A 3p per mile tax on electric vehicles to offset lost fuel duty.
ISA: Reduction of the tax-free cash ISA limit from £20,000 to £12,000.
From October 2025, most EU, EEA and Swiss citizens will need an Electronic Travel Authorisation (ETA) to visit the UK. Whether you’re planning a short holiday or a business trip, make sure you understand the new entry requirements before you travel.
Our Locations
Monaco
Monaco is a thriving enclave renowned for its strategic significance in international finance.
Monaco has a unique position as a low-tax jurisdiction and serves as an ideal hub for UHNI and businesses seeking favourable tax conditions and a sophisticated financial landscape.
15 Avenue Crovetto Freres,
98000,
Monaco
Phone
+33 (0) 60 79 39 490
Email
lma@veragroupltd.com
Our Monaco Team Leaders
Andrea La Magra
Monaco Director and Partner
Paolo di Filippo
Founder
Our Insights
On 3 March the UK Chancellor – Rachel Reeves – delivered the Spring Forecast 2026. The economic outlook reflects global uncertainty, including conflicts in Iran and the Middle East and potential energy price shocks. The government is prioritising stability, support for families, and national security, with defence spending at its highest level since the Cold War.
On 3 March the UK Chancellor – Rachel Reeves – delivered the Spring Forecast 2026. The economic outlook reflects global uncertainty, including conflicts in Iran and the Middle East and potential energy price shocks. The government is prioritising stability, support for families, and national security, with defence spending at its highest level since the Cold War.
Making Tax Digital for Income Tax (MTD ITSA) is coming!
This major UK tax reform requires self-employed individuals and landlords to:
Keep digital records; Submit quarterly updates to HMRC; Make a final annual declaration.
Mandatory dates start from April 2026, with penalties for late filing or payments.
Now’s the time to prepare and choose MTD-compatible software and we are happy to assist with this!
Major upcoming tax reforms include a new mansion tax on £2m+ properties, higher tax rates on property, savings and dividend income, a £2k cap on NIC relief for pension salary sacrifice, tighter rules on image rights, reduced CGT relief for EOTs, and an IHT cap for historic non-dom trusts.
Pre-Budget Leaks: Key Proposals Ahead of the 2025 UK Budget
Ahead of Chancellor Rachel Reeves’ 2025 UK Budget, several leaked proposals are gaining traction:
Mansion Tax: A new levy on properties over £2 million, starting at £4,000 annually.
Property Revaluation: A revaluation of homes in council tax bands F, G, and H, the first since 1991.
National Insurance on Landlords: Proposals to require more landlords to pay NI contributions.
Income Tax: No rate increases, but a potential freeze on tax thresholds beyond 2028.
Pensions: A £2,000 cap on salary-sacrifice pension contributions, triggering NI liabilities above this threshold.
EV Tax: A 3p per mile tax on electric vehicles to offset lost fuel duty.
ISA: Reduction of the tax-free cash ISA limit from £20,000 to £12,000.
From October 2025, most EU, EEA and Swiss citizens will need an Electronic Travel Authorisation (ETA) to visit the UK. Whether you’re planning a short holiday or a business trip, make sure you understand the new entry requirements before you travel.