375 posts categorised "Press releases"

25 November 2015

Diesel drivers in for a nasty tax surprise – PwC comments

The Government has announced that the 3 percentage point differential between diesel cars and petrol cars for calculating the benefit in kind value for a company car will be retained until April 2021. Previously it had been announced that the supplement would be withdrawn from April 2016. Commenting on the...

Digital tax – PwC comments on Autumn Statement proposals

Commenting on the digital tax proposals today’s combined Autumn Statement and Spending Review, PwC Northern Tax partner Martin Fleetwood said that moving the world of tax compliance into the digital age is a positive step. “Helping people pay tax quickly and more easily will save time and money for taxpayers...

Tax credit U-turn - implications for Northern Ireland

Commenting on today’s combined Autumn Statement and Spending Review, PwC Northern Tax partner Martin Fleetwood said: "The dramatic pirouette on the tax credit plans was a big surprise. Those people who rely heavily on tax credits will be hugely relieved but will need to have one eye on the impact...

Northern Ireland corporation tax - update on political settlement

The Corporation Tax (Northern Ireland) Act became law on 26 March 2015. Effectively, the Act devolved to the Northern Ireland Assembly, the power to set the rate of corporation tax for companies that have trading operations in Northern Ireland. However, while the Act received Royal Assent, subsequent political disagreements meant...

Half of public want deficit eliminated in five years – PwC survey

Around half of the public (51%) believe it is important that the UK budget deficit is eliminated over the next five years, according to a poll commissioned for PwC. The survey of 2,000 adults across the UK, asked people where they thought the government’s spending priorities should be. A majority...

24 November 2015

Europe’s first PwC and Google Innovation Lab launched in Belfast

A European PwC and Google Innovation Lab has been unveiled today [Tuesday 24 November] in PwC’s Northern Ireland headquarters in Belfast. The PwC and Google Innovation Lab is only the third such facility worldwide, others being in New York and Sydney. The Belfast Lab will work collaboratively with companies across...

17 November 2015

Agreement sets the “date and the rate” but conditions remain around cutting corporation tax

Commenting on today’s political Agreement, PwC Tax partner Martin Fleetwood welcomed the announcement of “the rate and the date” for the implementation of a new rate of Corporation Tax in Northern Ireland, but highlighted that there may still be conditions: “Under today’s Agreement, the Executive commits to reduce the Northern...

Inflation still in negative territory, but N. Ireland property prices jump 10%

Today’s figures from the Office for National Statistics (ONS) confirm that moderate continues in the UK, with the Consumer Price Index falling by -0.1% in the year to October 2015. PwC says this implies that the UK inflation rate has been pretty much zero throughout the period since February 2015....

11 November 2015

Housing and utility bills could account for over a quarter of UK consumer spending by 2020

Average real consumer spending growth to slow to around 2.3% pa in 2017-20 Northern Ireland GDP growth expected to average around 1.6% in 2015. Housing and utilities are projected to account for over 25% of total UK household spending by 2020, according to PwC’s latest UK Economic Outlook. (UKEO) Dr...

05 November 2015

Belfast amongst the UK’s top-10 most attractive cities for life and work.

Belfast is amongst the 10 best UK cities in which to live and work, according to a new report that ranks cities on a combination of economic performance and quality of life. Proving that there’s more to life than GDP, the 2015 Good Growth for Cities index from PwC and...
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