129 posts categorised "Hot topics"

08 July 2015

Accelerated corporation tax payments a 'burden on business".

Commenting on the Chancellor’s proposal to accelerate corporation tax payments by large companies, Martin Fleetwood, PwC tax partner in Northern Ireland said: “This measure will increase government’s 'tax take' in 2017/18 by £4.5bn and 2018/19 by £3.2bn. “That amounts to a significant acceleration of tax receipts into the middle years...

Accelerated corporation tax payments a 'burden on business".

Commenting on the Chancellor’s proposal to accelerate corporation tax payments by large companies, Martin Fleetwood, PwC tax partner in Northern Ireland said: “This measure will increase government’s 'tax take' in 2017/18 by £4.5bn and 2018/19 by £3.2bn. “That amounts to a significant acceleration of tax receipts into the middle years...

07 July 2015

Welfare cuts, tax breaks, Sunday trading – what's the forecast for Northern Ireland’s Summer Budget?

Tomorrow [Wednesday 8 July], George Osborne will deliver the first Conservative Budget since 1996. So, almost two decades after Ken Clarke stood at the dispatch box and delivered a cut in basic-rate income tax and an increase in tax thresholds, what can we expect tomorrow and how might the Summer...

22 May 2015

Northern Ireland’s myriad of property price reports – just who is right?

In a week when three different reports into the Northern Ireland property market delivered three different messages, potential purchasers could be forgiven for looking at least a little confused. PwC Northern Ireland’s chief economist, Dr Esmond Birnie looks at the data: First out of the gate was the Office for...

24 March 2015

UK inflation hits zero as Northern Ireland property prices rise

Consumer price index (CPI) inflation fell to zero in February - the lowest level since CPI records began in 1989. At the same time, new data suggest that property price inflation accelerated in Northern Ireland to reach 7.3% in the year to January 2015, February’s CPI inflation was widely expected...

UK inflation hits zero as Northern Ireland property prices rise

Consumer price index (CPI) inflation fell to zero in February - the lowest level since CPI records began in 1989. At the same time, new data suggest that property price inflation accelerated in Northern Ireland to reach 7.3% in the year to January 2015, February’s CPI inflation was widely expected...

23 March 2015

Average UK household debt to hit £10,000 by the end of 2016

The average UK household will owe close to £10,000 in unsecured debt by the end of 2016, according to PwC’s latest report on the Consumer Credit market. The report, Precious Plastic: How Britons fell back in love with borrowing; published today [Monday 23 March] says that, in cash terms, UK...

18 March 2015

Budget 2015 - PwC's video summary for Northern Ireland

Delivering his sixth and final Budget Statement 50 days before the general election, George Osborne told the House that the UK was "growing, creating jobs and paying its way" and that his objective was to create "the most prosperous economy in the world." For Northern Ireland, that translated into a...

Budget 2015: Budget has a few gimmicks but no real giveaways.

Commenting on the relatively small amount of new Budget 2015 cash to Northern Ireland, Dr Esmond Birnie, PwC Northern Ireland chief economist said: “While Northern Ireland gets £11m, that’s less than we might have expected; and with Scotland and Wales also only getting £31m and £18m respectively, the Barnett Formula...

Budget 2015: PwC comments on changes to pensions annuities' arrangements

Responding to the announcement that the government will extend its pension freedoms to existing pensioners, permitting them to sell their annuities, PwC tax partner Martin Fleetwood, said: “We welcome greater freedom of choice and flexibility within the pensions annuity market. “However, it remains to be seen how the industry will...
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