509 posts categorised "Economy"

24 April 2014

Countdown to the International Festival of Business

Stephanie Hyde, executive board member and PwC’s head of UK regions There's not long to go before the International Festival for Business (IFB) kicks off in Liverpool city region during June-July 2014. It will be an ambitious global showcase for UK industry across multiple sectors and will champion the country's...

16 April 2014

The future of retirement: PwC Consumer survey on the future for the UK annuities market

The UK annuities market could decline by up to 75% after the recently announced changes to compulsory annuity purchase come into effect, according to PwC analysis supported by a new consumer survey. The survey, which looks at consumer behaviour of people aged 50-75, reveals that 63% of consumers have or...

15 April 2014

UK Tech Awards 2014: celebrating a thriving tech sector

The tech sector in the UK is clearly performing well at the moment and while there is talk of another bubble, away from the headlines there are many really innovative companies emerging across the UK. These awards are a great opportunity for us to celebrate the achievements of the sector....

Bridging the gap - handing over the family business to the next generation

The transition from one generation to the next can make or break a family business; and as the ‘baby boomers’ hand over to the ‘millennials’, the risks of getting it wrong have never been greater. We’ve interviewed over 200 next generation family business leaders in 21 countries worldwide. The survey...

09 April 2014

We're looking for GREAT business stories

We’re supporting the UK government’s GREAT campaign by sponsoring three ‘Festivals of Creativity’, celebrating GREAT businesses and their creativity. We’re looking for creative business stories to take to the first festival in Istanbul. GREAT is the UK government’s ambitious international marketing campaign aiming to deliver significant and long-term increases in...

07 April 2014

HMRC plans to get to know its customers

After a period of relative quiet HMRC is now showing increased interest in Employer Compliance matters focusing on the operation of the employment taxes and the provision of benefits. Latest figures show that Income Tax and National Insurance now account for 49% of the Government’s revenues and a recent PwC...

02 April 2014

Increasing confidence in global packaging sector leads to renewed deals activity in the Midlands

Increasing confidence amongst global packaging businesses is leading to a renewed focus on merger and acquisition (M&A) activity in the Midlands. This is according to PwC in the Midlands which has advised on a series of global packaging deals over the last year. PwC has supported a number of major...

26 March 2014

Are you ready to register your share plans?

HM Revenue & Customs (HMRC) will now be asking companies to provide information on their existing and new share plans via the PAYE Online service on HMRCs website by 6 July 2015. In addition, HMRC will not provide formal approval for new tax favoured share plan arrangements; instead you will...

25 March 2014

Albemarle & Bond Holdings Plc in administration - 17 branches with 62 staff across the Midlands

Albemarle & Bond Holdings Plc (in administration) Albemarle & Bond Jewellers & Pawnbrokers Limited (in administration) Herbert Brown & Son Limited - (in administration) (together “The group”) Mike Jervis, Peter Dickens, Toby Underwood and Stuart Maddison of PwC have been appointed as joint administrators of Albemarle & Bond Holdings plc,...

24 March 2014

Budget 2014: our reactions

Watch our webcast for a summary of key outcomes Kevin Nicholson, UK Head of Tax, leads a discussion with a panel of specialists on the key outcomes of the Chancellor's Budget, their impact on individuals and companies and some of the broader issues affecting the economy and UK business. To...

Budget 2014: key outcomes for employers and employees

The Chancellor has delivered the 2014 Budget. The focus understandably was on supporting the recovery with a big emphasis on encouraging saving and making pensions more attractive. There were also some announcements around employee and expatriate tax, as well as other reward issues. 1. Pensions: Significant changes announced to pensions...

Budget 2014: key outcomes for business

Annual investment allowance (AIA) - The AIA will be increased to £500,000 for all qualifying investment in plant and machinery from 1 April 2014 (corporate tax) / 6 April 2014 (income tax). The period of the allowance has been extended to 31 December 2015. Bank levy and Code of Practice...

Budget 2014: key outcomes for individuals

We look at some of the key announcements from the Chancellor’s 2014 Budget and the impact on individuals. Capital gains tax on UK residential property held by non-residents - From April 2015, following consultation, a capital gains tax charge will be introduced on future gains made by non-residents disposing of...

21 March 2014

myFinancePartner: Working as your business partner

Helping you to meet your goals ... Are you an ambitious small/medium sized business? Are you looking for pro-active business advisory support? Do you want better management information to support your key business decisions? If the answer to any of these questions is yes, then myFinance Partner may be the...

19 March 2014

The Budget 2014 data in detail: UK tax datacard 2014/15

A quick reference guide to UK tax rates and allowances for individuals, companies and other taxpayers following announcements in Budget 2014. This data was prepared on Budget day 19 March 2014. It's a brief overview for temporary reference and general guidance on matters of interest only, and doesn't constitute professional...

Budget 2014: Jayne Harrold and Anna Wellings comment on carbon price support & competitiveness

Jayne Harrold, environmental tax specialist, PwC, comments on the capping of the Carbon Price Support rate at £18.00 from 2016-17 to 2019-20. “In many ways, the changes recognise that reforms of EU Emissions Trading Scheme (ETS) need some time to be sorted out." “The carbon price support freeze and additional...

Budget 2014: Steve Blackmore comments on pensions changes

Steve Blackmore, pensions director at PwC in the Midlands, said: “It seems that savers’ wishes for a simpler and more flexible pensions system have been granted, at least in part. A simpler system, with far more choice at retirement, should go a long way to encourage people to save more...

Budget 2014: Turning words into miles. How far did George get?

We look at how far you would get by car, driving from Westminster for the duration of the Chancellors' Budget speeches through the years.

Budget 2014: PwC comments on business rate boost for the high street

Simon Tivey, business rates expert at PwC in the Midlands, said: “The £1,000 rate relief for retailers that has been continued into next year is a real boost for small shops and will be well-received. This amounts to a £750 million injection into the high street. “This taken together with...

Budget 2014: PwC comments on property taxes

Jonathan Haigh, head of real estate at PwC in the Midlands, said: "The Government has announced the extension of the mansion tax to homes over £500,000 bought through a corporate envelope. "The Chancellor is now using last year's punitive stamp tax on homes bought in 'wrappers' to deter overseas investors...