145 posts categorised "Tax"

16 October 2014

David Gauke, Minister for Tax speaks out in support of Patent Box

By Angela Browning It's been great to hear David Gauke recently speaking in public in support of the UK Patent Box. He couldn't have been more clear that Patent Box, in his view, does not create an opportunity for businesses to reduce their taxes without increasing their value to the...

08 October 2014

OECD agreement on Patent Box still outstanding, what can you do now?

By Angela Browning As part of the OECD’s recommendations for BEPS the decision regarding Patent Box has yet to be agreed. The scheme, designed to support innovation in the UK, came into effect last year. Companies are entitled to a lower rate of tax on income generated via patented technology....

03 October 2014

Scottish Referendum Tax Talks webcast - the video

In the wake of the Scottish Referendum outcome announcement, David Glen, head of tax in Scotland hosted a Tax Talks webcast on the changes facing businesses in Scotland, as well as UK and inbound businesses which have operations, clients, suppliers or head offices North of the Border. According to David...

02 October 2014

Guiding you through the BEPS maze

Over the next few months we’ll see the most comprehensive reform of international tax most of us can recall, courtesy of the OECD’s Base Erosion and Profit Shifting (BEPS) project. Many of you will have seen that the OECD recently published its recommendation for the first part of its planned...

16 September 2014

PwC comment: the most significant change to international tax in modern times

The OECD today (Tuesday, 16th September 2014) set out recommendations from the first part of its tax reform programme to tackle Base Erosion and Profit Shifting (BEPS) Stuart Wallace, partner and head of tax at PwC in the Midlands, said: "The BEPS project marks the most significant change to international...

27 July 2014

Are performance ratings heading towards extinction?

By Alastair Woods There’s a growing school of thought that our traditional tools for managing employee performance are outdated and in need of a radical reboot. Some of heaviest criticism has been aimed at performance ratings and forced rankings - those bastions of the annual appraisal process. At the heart...

30 June 2014

Far reaching review of UK tax by British public

A citizens’ jury convened by Britain Thinks for PwC has set out recommendations for reforming the UK tax system. The outcomes are being presented to Government today. The jury brought together 22 members of the British public from Greater London, the South East, the Midlands, the North, Wales and Scotland,...

25 June 2014

Incentivising innovation in the UK

How will the new incentive schemes impact you Innovation is seen by business leaders, across all industries, as one of the biggest sources of current and future revenue growth and value delivery. The government has recognised this by providing a range of incentives including: Research and Development (R&D) credits Patent...

23 June 2014

Support functions: time to think differently

Are your support services delivering enough value? Our analysis shows you how they can. Contact details: Email: Steve Fraser Tel: +44 (0) 121 265 5077

30 May 2014

Research and development (R&D) tax credits

The Government have set aside approximately £1.5bn per year for companies they deem to be undertaking qualifying R&D activities. Companies can claim cash repayments of up to 33% of the qualifying R&D expenditure. For small companies The R&D tax credits available to small and medium enterprises (SMEs) have been substantially...

Tax does have a bearing on where we locate our business – say CEOs

A country's tax regime has a definite impact on where international companies choose to locate. In our recent report, Building trust and growth 63% of the 1,344 CEOs surveyed worldwide said Government tax policy plays a part in where they choose to operate their business. The report comes as the...

28 April 2014

My Financepartner: Working as your business partner

My Financepartner is a new accounting service that supports growing businesses to get and use the information that they need, when they need it. As the economy returns to better times, quality financial information is essential for the growth and direction of your business. Through the recent recession, many businesses...

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....

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...

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...