687 posts categorised "Economy"

20 May 2015

RECORDED WEBCAST: Major changes to the VAT recovery position for employers and pension funds

HMRC has recently announced changes to the VAT recovery position for employers who pay VAT on services relating to the administration and management of a defined benefit pension scheme. These changes follow a recent Court judgment which held that VAT charged on fund management and administration services provided to an...

18 May 2015

Data analytics – how can it deliver value for employee benefits?

Many companies think about the employee benefit market as lots of boxes that when opened up have a benefit inside of each. The lid opens up once a year, the benefit is taken out, dusted down, renewed and put back in the box with a loud thump on the lid....

15 May 2015

Agriculture Unwrapped: What’s causing the current challenges in the agricultural sector and what can be done?

Michelle Hutchinson, farmer’s daughter and senior associate in PwC’s business recovery services team in the Midlands discusses how the agricultural sector has become increasingly challenging and the options available to overcome these difficulties Perception vs reality Beautiful scenery and the good life is what many people associate with agriculture. However...

12 May 2015

Commission payments in holiday pay: appeal lodged with Employment Appeal Tribunal

In the past few days, an appeal has been lodged with the Employment Appeal Tribunal (EAT) that casts more uncertainty over what elements of pay fall within the calculation of holiday pay. Following the recent Employment Tribunal (ET) ruling of the Lock case (Lock vs British Gas) that employers must...

11 May 2015

Flexing your staffing levels using off-payroll workers?....please read on!

It is now almost one year since new legislation came into effect preventing businesses from disguising employment as self-employment through the use of intermediaries, in turn, avoiding employment taxes and obligations. It seems, however, that many businesses are still unaware of the impact on their operations and as a result...

01 May 2015

The most extraordinary technology of all

Organisations and their leaders are preoccupied with keeping up with the pace of digital change and terrified of being left behind. Forming a digital, and often technology-led roadmap, is now top of the business agenda. But can success really be down to machines and technology alone? While technology is clearly...

30 April 2015

WEBEX: Equity plan compliance

Webex date: 7 May 2015 Time: 10:00am - 10:30am RSVP: Click here to register We'll be hosting a webex on 7 May 2015 at 10:00am on the topic of "Equity plan compliance - Getting it right". During this webex we will be discussing the new online reporting templates and how...

29 April 2015

Transforming health and social care in the Midlands

By Andy Ford & Mike Wallace The devolution of Greater Manchester’s £6bn health and social care budget has re-ignited the debate on integrated care. However, integration alone will not lead to the transformational change that’s needed in our health and care services. We recently hosted chief executives from four local...

Private Fuel Benefit in Kind: How can 2 + 2 = 15?

By Nigel Morris, national PwC Fleet Car Consulting group leader No, I’m not using a scientific calculator or some weird formula. The recent 2% increase in the Private Fuel Benefit in Kind (BIK) scale charge and the 2% increase applying to the CO2 rating of cars actually equals a 15%...

28 April 2015

Do you have too many spreadsheets?

The traditional approach to business intelligence (BI) is failing to keep up with new technologies with 80% of projects not delivering the value they promise. Busy central functions with 20th century tools are unable to respond at the speed required. The large projects set up to address these issues are...

27 April 2015

Modern Mobilty survey: Moving people with purpose

Businesses worldwide are looking to mobility to help them tap into fast growth markets and develop the global mindset today's business leaders need. Our survey looks at how organisations are dealing with the challenges modern mobility brings and what they are doing to strengthen their capabilities. How can you be...

Business continuity plans – 5 key questions to ask your organisation

By Scott Hughes Over the years we’ve seen major IT failures, ash clouds, malicious attacks, fires, riots, snow and natural disasters to name a few disruptive events. In response to this, business continuity management has matured to an integral part of good risk management for any organisation. Common difficulties organisation’s...

Skilled for the future: simplifying the UK skills system

The skills system in the UK has been the subject of significant change over the last 10 years, with new funding agencies and policies, new qualifications and a greater focus on employers’ needs. However, the UK is still facing a shortage of skills and the complexity of the current system,...

Building an innovative and flexible Internal Audit function

Finding True North in a Period of Rapid Transformation PwC’s 11th annual State of the Internal Audit Profession study talks through how internal audit functions that are aligned with a business’ new direction and are operating at the forefront of the organisations’ most relevant risks, are highly valuable contributors to...

24 April 2015

Five top tips to manage your cloud security

By Neil Ward We are seeing a growing trend in the adoption of emerging technologies within Midlands organisations. These are businesses who are looking to innovate and improve business processes and productivity while at the same time reducing Information Technology (IT) costs. Cloud computing services are nothing new, but for...

Five traits that might indicate you’re a resilience builder

More risk or more opportunity, what do you see in the near future? When we asked 1,322 CEOs this question as part of PwC’s 18th Annual Global CEO Survey this year, the response showed that business leaders are almost evenly split. 59% see greater risk this year than they did...

23 April 2015

Paper records - time for a risk assessment

By Mick Gorrill, Head of Data Protection Enforcement and Regulatory Affairs, PwC Legal Organisations which are reliant on paper records for their day-to-day business need to ensure that they have robust policies and procedures in place and that staff are adequately trained to ensure that those records are kept secure. ...

16 April 2015

Do changes in healthcare delivery impact on the future of care homes?

Sharon Johal, senior associate in PwC’s business recovery services team in the Midlands discusses how current trends may impact on how care home providers plan for the future. The present challenge The delivery of healthcare in the UK is being shaped by demographic and behavioural changes, severe financial pressures, the...

15 April 2015

Further costs may signify the end of DB pensions

By Amy Hemmett A familiar sound in the world of pensions ... that resigned sigh of the FD as they realise the cost of their Defined Benefit (DB) pension scheme is increasing again. Unfortunately 2016 will bring further pain to companies with a DB scheme that remains open to future...

13 April 2015

RECORDED WEBCAST: Getting ready for Diverted Profits Tax

The UKs Diverted Profits Tax came into force on 1 April 2015. This is a new tax levied at 25% on a company's taxable 'diverted' profits in two scenarios: Entities or transactions lacking economic substance - where groups create a tax benefit by using transactions or entities that lack economic...