787 posts categorised "Economy"

20 April 2016

Gender pay gap reporting – the facts

By Nina Morrell The Government recently published draft regulations which will require certain employers to publish how much they pay to their male and female staff. Not only will employers be required to publicly disclose this information but their results will also feature in league tables where they will be...

12 April 2016

ONS House Price Index, April 2016 - PwC comments

Commenting on the ONS house price figures out today, Richard Snook, senior economist, PwC, said: Strong real house price rises add to pressure on Generation Rent “The latest ONS housing market estimates show that average UK house prices rose by 7.6% in the year to February. House prices are still...

11 March 2016

PwC Pension Scheme Funding Survey 2016 - your chance to take part

Following the success of our previous Pension Scheme Funding Surveys, we're now looking to gather information on the most recent trends and expectations for recent scheme funding valuations. This year's survey will help you benchmark your assumptions and give you insight into what was important for others during their funding...

25 February 2016

New European Banking Authority guidelines on remuneration policies mean tougher rules on pay

By Katy Bennett The new European Banking Authority (EBA) guidelines on sound remuneration policies mean tougher rules on pay for EU banks and some asset managers from 1 January 2017. Many changes have been introduced within a complex set of guidelines. Firms will be impacted differently depending on their size,...

24 February 2016

Tax authorities are questioning whether the activities of your internationally mobile workforce reflect the profits attributed to that territory?

By Rebecca Nordone The OECD’s Base Erosion and Profit Shifting (BEPS) project is changing the international tax environment. It focuses on the prevention of non-taxation of profits that can arise due to ‘differences’ between domestic tax systems. At first glance this may appear solely a corporate tax issue, but tax...

The Apprenticeship Levy

By Nina Morrell Last year the Government announced its plans to increase the quantity and quality of apprenticeships. They have committed to an additional 3 million apprenticeship starts in England by 2020. They will achieve this objective, in part, through funding created as a result of the new Apprenticeship Levy....

18 February 2016

Spotlight on gender pay – what do new regulations mean for employers?

By Ed Stacey Following a period of consultation, the Government has released draft regulations confirming the all-important details of compulsory gender pay reporting. Whilst still subject to further consultation, this latest publication provides vital insight as to the impact of the regulations on employers. The introduction of mandatory gender pay...

16 February 2016

Hundreds of schemes might be overpaying on their PPF Levy

By Nadeem Ladha In 2005, when the Pension Protection Fund (PPF) was set up, the thinking was progressive but simple. The objective was to create a lifeboat fund for UK defined benefit occupational pension schemes, funded by compulsory insurance premiums, to protect the UK’s defined benefit pension scheme members. In...

12 February 2016

Event: Travel Security - Doing the right thing for your staff and students

Timings: 8:00 am for 8:30 am Date: Wednesday 13th April Location: PwC Cornwall Court, Birmingham In a world where security-related incidents are not only confined to higher risk territories, affecting European cities and other lower risk rated areas, it is clear that security is a crucial consideration. With this in...

11 February 2016

Getting the most out of your data - An opportunity for the Housing Sector to explore Data Governance

For many organisations in the sector there is a challenge around understanding what data you hold, where it is, the quality of it and what value you can gain from it. Your system landscape is often complex, comprising of core systems (Housing management, Property Development, Repairs & Maintenance, Tenancy management...

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...

EVENT: Midlands Financial Services Breakfast Seminar - 11 February

Date: Thursday 11 February 2016. Time 8.30am. Location: PwC Birmingham. The speed of change within the UK financial services sector shows no sign of abating. This seminar will focus on some of the current risk and regulatory hot topics we are talking to our clients about: Senior management regime update:...

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...