77 posts categorised "Employment Solutions"

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...

01 April 2014

Companies planning third year of bonus reductions at upcoming AGMs

PwC analysis shows 2014 is set to be another year of executive pay restraint as early reporting shows FTSE100 executives have seen their bonuses fall for the third consecutive year and nearly a quarter have had their base pay frozen. PwC’s analysis of FTSE100 companies with year ends from 30th...

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...

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...

19 March 2014

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...

11 March 2014

Defined contribution pensions: Getting more from managing your risks

In this webcast, HRS Partner, David Wignall is joined by defined contribution pensions (DC) specialists Sean Beattie, Richard Smith and Aimée Walker. They discuss the significant cost of DC schemes to your business and the new and growing risks that you as an employer or trustee have to manage. They...

20 February 2014

Executive pay: Director remuneration reporting

Some companies are finalising their first round of December year end reporting under the new regulations set out by the Department for Business, Innovation and Skills (BIS). Tom Gosling and Fiona Camenzuli discuss the upcoming BIS timetable, the binding vote and the big issues that companies are facing regarding executive...

Banking and pay: bonus pool outcomes

2013 was an interesting year for banks, with a lot of attention in particular on bankers' pay. Jon Terry and Tom Gosling take a look at what actually happened to bonus pools in 2013 and what we can expect in 2014. Will we see a continuation of the trend of...

12 February 2014

Simplifying Tax for Expenses and Benefits

Taxable benefits generate more than £3.3 billion of tax and NICs for the Exchequer each year, but that requires the completion and submission of over 4.4 million P11Ds and a great deal of administration and effort on behalf of employers. Every day I speak to organisations of all sizes and...

UK Statutory Residence Test

The impact for employers There have been a number changes to UK tax legislation since 6 April 2013 that have increased the challenge facing the global mobility function - being UK tax compliant as an employer of a globally mobile workforce has never been harder. Our short video highlights some...

16 January 2014

Increased Employer Compliance Reviews - are you compliant?

In the Chancellor's Autumn Statement he announced that the Treasury expects to raise an additional £9 billion over the next five years from increased HMRC compliance activity. Given that last year Employment Taxes accounted for 49% of all the taxes collected by HMRC in the UK, it is perhaps not...

07 January 2014

How can total reward and benefits statements improve your employee engagement?

Retaining talent and maximising the return on your workforce costs are two of the biggest challenges that employers currently face. Too often employees fail to attribute a fair value to all elements of their reward and benefits package. When speaking with businesses, some of the common issues and challenges they...

06 January 2014

Managing the cost and risk of holiday pay

A recent Employment Tribunal decided that holiday pay should be calculated on more than simply basic pay only and that employers should be taking into account payments for overtime and shift premia when calculating holiday pay. Whilst this decision is being appealed, the decision, if upheld, will result in significant...

27 November 2013

Managing the cost and risk of holiday pay

A recent Employment Tribunal decided that holiday pay should be calculated on more than simply basic pay only and that employers should be taking into account payments for overtime and shift premia when calculating holiday pay. Whilst this decision is being appealed, the decision, if upheld, will result in significant...

24 July 2013

PwC comments on key Supreme Court ruling on pension payouts after company collapses

Today the Supreme Court determined that Financial Support Directions (FSDs) imposed against UK companies in relation to defined benefit pension schemes will rank as an unsecured creditor in UK administrations. FSDs can be issued by the Pensions Regulator to ensure companies as part of a group provide financial support to...

19 July 2013

Hourglass issue 28: Putting HR at the centre of your people strategy

In this edition we’re focusing on the many different aspects of performance management. Download Hourglass-issue28[1] We ask how HR can get the best from people, and what the most appropriate methods for achieving this are – whether it’s a formal, objective-setting programme, or a more entrepreneurial, mentoring approach. On page...

17 July 2013

Rising sick bill is costing UK business £29bn a year

Sick days are costing UK business nearly £29bn a year as UK workers take more than four times as many days off work due to sickness as their global counterparts, according to new research by PwC. UK workers have an average of 9.1 days off from their jobs each year...

04 July 2013

Introducing Skyval - PwC launches revolutionary online pensions analysis platform

PwC has launched Skyval, a new pensions risk analytics tool that allows companies and trustees to manage, monitor and take decisions about their pensions issues in a quicker and more informed way. Skyval models pension scheme assets and liabilities accurately in real time and has been developed exclusively by PwC...