PwC has welcomed Michael McLaughlin as new head of tax at its office in Milton Keynes, as part of a move to strengthen its tax advisory team locally. Michael, who was previously based at the firm’s East Midlands’ office, will be working with Gary Telford and others in the local...
Why are more and more companies talking about their total tax contribution? Tax and transparency is under more scrutiny than ever by politicians, regulators, the media, civil society and investors. CEOs tell us that tax issues are the top threat to business growth in today’s economy. And we expect tax...
By Nick Jones, Global Director of PwC’s Public Sector Research Centre The Queen’s Speech, the quaint tradition by which the government of the day sets out its annual legislative programme amid much pomp and no little ceremony, contained few surprises. Nevertheless, it was still of real interest in showing the...
HM Revenue & Customs (HMRC) has now announced the start of three new disclosure facilities – the Isle of Man, Guernsey and Jersey Disclosure Facilities. Details of the process that clients can follow to take advantage of the facilities, along with FAQs, were published on HMRC's website. So, how can...
Budget 2013 brought a welcome update to the inheritance tax rules that apply to married couples and civil partners where one is domiciled in the UK and the other is domiciled outside of the UK. Prior to the change on 6 April 2013, a UK domiciliary could only leave £380,000...
In challenging economic times, the Chancellor needed to announce a confident, stable Budget; one based on sound, practical, economic decisions, rather than vote-winning, short-term, political solutions. So, has he delivered on this? The Budget certainly had a more positive tone than we expected with a strong emphasis on supporting the...
Real estate As expected, a new annual tax is being introduced for high value (£2m+) residential property held by companies and used for owner occupation rather than business purposes. The tax is being accompanied by an extension to the capital gains tax regime, so that owner occupied properties sold for...
Today’s reduction in the headline corporate tax rate to just 20% from 2015 makes the UK corporation tax rate the lowest in the G8 and delivers one single headline rate. This is the fifth time the Chancellor has cut the rate and 20% seems a likely landing point for this...
The Chancellor is sticking to his guns and emphasising Britain is open for business by cutting the corporation tax rate, and reiterating a commitment to ‘building the most competitive business tax system in the world’. Having set low expectations given the limited room for manoeuvre, Budget 2013 was, at least...
In this short video, Barry Murphy, PwC Tax Partner, talks about the impact of Budget 2013 on larger businesses and whether George Osborne is continuing to deliver on his commitment to send the message that Britain really is 'open for business'. Measures announced include the early introduction of the 20%...
