776 posts categorised "Economy"

04 February 2016

Withdrawal of the HMRC valuation check service

By Corin McGinley HMRC has recently announced it will no longer be offering a valuation check service following the award of shares or share options to employees under unapproved arrangements. There is also an indication that there may be significant changes to valuation of approved share schemes. At present, HMRC...

25 January 2016

PPF levy final determination for 2016/2017 published – key points and next steps

The Pension Protection Fund has now published its final determination on the 2016/17 levy year. This can be found here, but I thought it might be useful to set out a brief summary of the main points. While the PPF is seeking to maintain stability in the way in which...

20 January 2016

How will the new patent box regime impact innovation?

By Angela Browning HMRC released draft legislation on 9 December 2015, setting out how patent box will be modified going forward. The positive news is that this broadly follows the structure and content trailed, so there are relatively few surprises for those of you already familiar with Nexus. It is...

18 January 2016

Unlocking the value of Performance Management in Higher Education

By Victoria Ansell, Human Resource Management You can’t help to have noticed the unprecedented level of change experienced by the Higher Education sector in recent years. Universities are adapting to new ways of receiving funding meanwhile paying students are ever more focussed on value for money in terms of what...

11 January 2016

Reverse and re-balance; delivering the devolution deal

By Richard Parker, Partner The West Midlands has reached a settlement that will reset and redefine relationships across the administrative boundaries of seven Metropolitan Councils, three regional LEPs and a number of significant and relevant Districts. From a Region that was at risk of being left behind (by others) and...

15 December 2015

Patent box – IP transfer deadline 31 December 2015

By Angela Browning Heading into the holiday season the last thing on your mind may be the patent box, but that definitely shouldn’t be the case. As discussed previously here and here we’re heading into a crucial time for patent box, and intellectual property as a whole. The patent box...

09 December 2015

National insurance rebates on pension contributions set to cease as contracting-out ends from 6 April 2016

By Steve Blackmore The introduction of the single tier state pension from 6 April 2016 means that defined benefit (DB) pension schemes will no longer be able to contract-out of the Second State Pension. This will increase National Insurance (NI) costs for both you and your employees. But this isn't...

17 November 2015

Executive pay disclosure - why we all benefit

By Chris Bulleyment, Human Resources Leader in Milton Keynes The link between executive pay and performance remains under the spotlight as shareholders continue to flex their muscles around what is acceptable. And although pay remains static in real terms, it is probably harder than ever for those executives to earn...

13 November 2015

Celebrating the successes of Midlands family business

By Chris Romans, Midlands Private Business Leader I was honoured when Charlotte Perkins and Annabel Prow from the Wilson Foundation asked me to join the judging team for the Family Business of the Year category in this year’s Midlands Family Business Awards. Our Midlands private business practice is proud to...

12 November 2015

Housing and utility bills projected to account for over a quarter of UK consumer spending by 2020

Average real consumer spending growth to slow to around 2.3% pa in 2017-20 Midlands economy expected to expand at similar rates to the UK average this year at 2.3% Housing and utilities are projected to account for over 25% of total UK household spending by 2020. This reflects upward pressure...

05 November 2015

Pensions risk and return: An opportunity to reduce capital requirements?

By Nadeem Ladha I was presented with an interesting challenge the other day: having addressed the biggest risks in their pension scheme (namely interest rate and inflation risks), how could a scheme’s approach to investment be adjusted to maintain the expected return on the scheme’s assets whilst mitigating the impact...

HMRC and their approach to mid sized business

By David Francis, Tax Dispute Senior Manager One of the things I dreaded during my eight years as a Tax Inspector was the topic of what I did for a living when introducing myself to people. After a number of times of saying my official title Her Majesty’s Tax Inspector...

26 October 2015

A-List Injustice - Gender Pay Developments

By Ed Stacey The gender pay gap debate hit the headlines again last week with Hollywood A-lister Jennifer Lawrence’s essay further magnifying what is now an important campaign issue for the 2016 US presidential hopefuls. Back at home, in my last blog I wrote about the UK government’s plans for...

23 October 2015

Board Directors - enhancing reputation through seamless tax reporting processes

Most boards and committees nowadays have a mixture of executive and non-executive directors who reside both in, and outside of the UK or hold other directorship appointments across the globe - all of which pose challenges around reporting and compliance obligations for organisations. Managing the director population within an organisation...

19 October 2015

Better planning leads to better outcomes

By Tom Neale As corporate sponsors and trustees involved with the running and management of pension schemes know, the past five years or so have been a challenge. It has been a period of increased proactivity for all those involved in pension schemes. Scheme closures have been a strong trend,...

15 October 2015

Everything you need to know about Patent Box (almost) - Part 2

By Angela Browning and Adrian Gregory It’s been quite a week for tax professionals with plenty of ‘light’ reading courtesy of the OECD. I consider myself fortunate that Chapter 5 (harmful tax practices) was one of the shorter papers at just 80 pages. So what can we expect for patent...

14 October 2015

How can the elderly care industry in the Midlands respond to challenges in the sector?

Sharon Johal, Manager in PwC’s business recovery services team in the Midlands, discusses how the care sector has become increasingly challenging and the options available to overcome these difficulties. The independent care sector has undergone significant changes in the last few years and the government’s course of cutting the deficit...

08 October 2015

An emerging picture: Local Government Pension Scheme investment pooling

Back in July the Chancellor accelerated the LGPS efficiencies debate by challenging the 91 Funds to submit specific proposals on “sufficiently ambitious” pooling. The proposals needed to identify ways to produce significant savings on investment management costs without compromising returns and would be assessed against criteria to be published in...

05 October 2015

As with the seasons, the workforce is changing … but are we ready?

By Carol Mynott As the calendar clicks over into October, it is clear we are well and truly into autumn. The leaves on the trees are starting to change colour and the hours of daylight each day are getting shorter. No matter how hard we try, we can’t ignore we...

01 October 2015

Remuneration regulations for Building Societies - are you ready?

The background Building Societies continue to be subject to specific remuneration regulations that are set out in EU legislation known as Capital Requirements Directive IV (CRD IV). These rules govern not only what is paid to certain individuals in the organisations, but how it is paid. These remuneration rules will...