Earlier this week HM Revenue & Customs’ (HMRC) quietly released a consultation document on partnerships, which potentially represents the biggest shake up of partnership taxation for decades. A very quiet revolution has been going on in the world of partnerships over the last few months, starting with low-key announcements in...
HM Revenue & Customs (HMRC) could claw back up to £10 billion in lost revenues from UK tax evaders, according to advisors PwC. PwC says that HMRC is now getting banking information from countries previously reluctant to share data with investigators. Consequently, HMRC has already generated £1 billion in tax,...
The UK’s budget deficit remained stuck at just over £120 billion in 2012/2103, according to the latest public sector finance data, released today. Dr Esmond Birnie, PwC’s chief economist in Northern Ireland, says that when you exclude special factors, the picture doesn’t appear that different to both the previous year's...
Second homeowners and buy-to-let landlords are the targets of a new campaign by HM Revenue & Customs, determined to stamp out tax evasion. HMRC’s self-styled, "property sales campaign" is currently tracking down UK residents who sold property - other than their main residential home - but who failed to declare...
Qualified apprentices face better employment prospects than job applicants with other qualifications, according to a new survey. ICM Research interviewed 500 employers across England and asked them to rate how employable people were, based on their qualifications. On a scale of 1-10 (where 10 was most employable) apprenticeships in general...
The Department of Social Development (DSD) is reminding people that Northern Ireland is not affected by the Welfare Reform Act (GB) 2012, which is rolling-out in Great Britain this month. A separate, Welfare Reform Bill (NI) 2012 is currently going through the Northern Ireland Assembly and the introduction of Universal...
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...
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...
As today’s Budget delivers £54m of new money to Northern Ireland over the next two years, just how will the Chancellor’s announcements impact on the local economy? To expand on the implications of today’s Budget Statement for the economy, taxpayer and business, we asked PwC Northern Ireland chief economist, Dr...
A quick reference guide to UK tax rates and allowances for individuals, companies and other taxpayers following announcements in Budget 2013. This data was prepared on Budget day 20 March 2013. It's a brief overview for temporary reference and general guidance on matters of interest only, and doesn't constitute professional...
