« February 2006 | Main | April 2006 »

54 press releases from March 2006

29 March 2006

Start the tax year with a spring clean of your finances

Next Thursday, 6 April, will be the first day of the new 2006/07 tax year, and this weekend is the perfect opportunity to polish your...

27 March 2006

Staff misuse of the internet risks damaging reputation of UK companies

Staff misusing the Internet by accessing inappropriate websites or engaging in excessive web-surfing remains the second largest cause of reported security incidents after viruses for...

26 March 2006

Budget 2006: UK captains of industry give their response

The Chancellor of the Exchequer delivered his tenth Budget in just over an hour. On the surface Gordon Brown’s speech had a welcome focus on...

24 March 2006

International pensions: Last call for companies to take action on UK deficit funding issue and to address pensions issues for the forgotten population

PricewaterhouseCoopers has warned that, under an EU cross-border pension directive, any company with one or more (active or deferred) member of a UK pension scheme...

23 March 2006

MG Sport & Racing Limited - In Administration - Update

Steven Pearson and Rob Hunt were appointed joint administrators to MG Sport & Racing Limited on 12 April 2005. MGSR manufactured and sold the MG...

Budget 2006: Changes to timing for filing business tax returns

The Government has accepted the Lord Carter of Coles’ ‘Review of Online Services’ which recommends that: • Businesses have to file all their tax returns...

Budget 2006: Clarity still required for tax treatment of homes abroad

The Chancellor of the Exchequer has not used his tenth Budget to clarify the tax rules for people with holiday homes abroad. Many people who...

Budget 2006: PricewaterhouseCoopers welcomes continuation of dialogue on IFRS tax issues

The Economic and Fiscal Strategy Report issued yesterday notes that the Government will continue to work with business to identify issues arising from the implementation...

Budget 2006: Final details for Real Estate Investment Trusts (REITs) welcomed

The fiscal details for Real Estate Investment Trusts (REITs) were announced yesterday by the Chancellor of the Exchequer. Ros Rowe, tax partner, PricewaterhouseCoopers LLP, commented:...

22 March 2006

Budget 2006: The environment high on the Budget agenda

The Chancellor of the Exchequer has asserted his green credentials in today’s Budget but has the Government gone far enough? John Manning, tax partner, PricewaterhouseCoopers...

Budget 2006: Fundamental change to treatment of trusts

The Chancellor of the Exchequer has announced fundamental changes to the treatment of trusts relating to inheritance tax (IHT). The Chancellor’s announcement affects the rules...

Budget 2006: More clarity on VAT required

In response to today’s Budget, PricewaterhouseCoopers LLP suggests that the Chancellor of the Exchequer could have used his speech as an opportunity to provide greater...

Budget 2006: Corporation tax and employee share plans

The Government has done much in recent times to help companies capture corporate tax relief in relation to employee share plans and their approach overall...

Budget 2006: Missed opportunity to encourage wider employee share ownership

In today’s Budget, the Chancellor has not taken the opportunity to modernise the increasingly outdated company share option plan (CSOP). Carol Dempsey, partner, Reward and...

Celsius First Limited- in Administration- Sale of Part of Business

Following their appointment as joint administrators to Celsius First Limited, Stephen Oldfield and David Chubb from PricewaterhouseCoopers LLP are pleased to announce they have successfully...

Budget 2006: PricewaterhouseCoopers reaction to R&D tax credits

PricewaterhouseCoopers welcomes the doubling of the headcount thresholds for companies qualifying for the valuable research and development (R&D) tax credit, however shortened time limits will...

Budget 2006: No u-turn on capital gains tax taper relief

There has been speculation that the Chancellor would move to increase the effective rate of capital gains tax on business assets, including employee-held shares. However,...

Budget 2006: Home computer tax and NIC exemptions removed

Today’s Budget would appear to remove the tax and NIC exemptions for private use of home computers. The change takes place from 6 April 2006....

Budget 2006: Small business

The Government’s commitment to support dynamism and enterprise in UK business is welcomed. However, PricewaterhouseCoopers LLP feels that there is still scope for more concrete...

Budget 2006: Inheritance tax - reform of this nineteenth century tax for twenty first century Britain required

In December’s Pre-Budget Report, the Chancellor of the Exchequer set the inheritance tax (IHT) thresholds for 2006/07 and 2007/08, but he has done nothing to...

Budget 2006: A missed opportunity for corporation tax reform

PricewaterhouseCoopers LLP was disappointed with the absence of any concrete moves to take forward the basic reforms to the corporation tax system that have been...

Budget 2006: Chancellor should meet his fiscal rules, but only if he sticks to tough public spending plans

The Chancellor broadly confirmed his earlier forecasts for the economy and the public finances in his Budget today, predicting a gradual pick-up in economic growth...

Budget 2006: PricewaterhouseCoopers instant reactions

A summary of instant reactions to the Chancellor’s Budget from PricewaterhouseCoopers experts during the speech is shown below. More detailed analysis will follow: 13:30 -...

Budget 2006: A step in the right direction for UK competitiveness from a tax perspective

In response to today’s Budget Report, Richard Collier-Keywood, UK head of tax, PricewaterhouseCoopers LLP, said: “We are pleased to see that the Chancellor of the...

Europe’s leading hotels still have more to do to embrace corporate responsibility

The European hotel industry still has room for improvement in tackling corporate responsibility (CR) issues according to research conducted by PricewaterhouseCoopers LLP. ‘Hospitality Directions Europe...

Berkeley Independent Advisers (BIA) Ltd

Berkeley Independent Advisers (BIA) Ltd, Berry Birch & Noble Financial Planning Ltd (BBNFP), Berry Birch & Noble Financial Planning (Weston) Ltd, Berkeley Birch Group Support...

17 March 2006

Employers making one-off payments to reduce pension deficits need to be aware of new rules for obtaining tax relief

PricewaterhouseCoopers LLP urges companies to consider the new rules for obtaining tax relief on employer contributions when considering making special one-off payments to pension schemes....

Budget 2006: Tax and the environment

Corporate responsibility is high on the agenda of UK business, and with less than a week to go until the Chancellor of the Exchequer delivers...

Armstrong Fastenings Ltd, Willenhall Manufacturing Ltd, Caparo Automotive Ltd, Armstrong Equipment Ltd - in administrative receivership - update

Following their appointment to Armstrong Fastenings Limited, Willenhall Manufacturing Limited, Caparo Automotive Limited and Armstrong Equipment Limited, the joint administrative receivers, Matthew Hammond and Rob...

Budget 2006: Consultation, clarity and certainty are fundamental to UK competitiveness says PricewaterhouseCoopers

With the Budget less than a week away, PricewaterhouseCoopers LLP calls on the Chancellor for an announcement on tax issues which will help improve the...

16 March 2006

Budget 2006: Consistency and clarity required to help ease the burden on small businesses

The Chancellor of the Exchequer’s announcement in the Pre-Budget Report, abolishing the 0% corporation tax rate, came as a disappointment to many. PricewaterhouseCoopers LLP suggests...

Budget 2006: REITs need a wide remit to be a success for the UK property market, advises PricewaterhouseCoopers

The fiscal details on Real Estate Investment Trusts (REITs) are expected to be announced in the Budget on 22 March. PricewaterhouseCoopers LLP hopes that the...

No let up for cross border retailing says PricewaterhouseCoopers

A new piece of research by PricewaterhouseCoopers LLP UK retail and consumer group suggests that the UK retail market is proving increasingly attractive to foreign...

Majority of UK companies still not doing enough to reduce the risk of electronic theft, survey shows

Ninety-nine percent of UK companies are still not implementing all the safeguards available to them to manage and control access for the right users to...

15 March 2006

The Public Limited and The Public Building Limited - in administration

Ian Oakley-Smith and Rob Hunt of PricewaterhouseCoopers LLP have been appointed joint administrators of The Public Limited and The Public Building Limited. The Public Limited...

PricewaterhouseCoopers appoints new transportation & logistics sector leader

PricewaterhouseCoopers LLP has appointed Clive Hinds as the leader of its UK transportation & logistics practice. A partner with the firm's assurance practice for over...

Hospitality and leisure companies could lose millions due to misreported royalties and licence fees

Millions of pounds of income could be lost by hospitality and leisure companies due to the failure to adequately monitor franchising agreements, according to PricewaterhouseCoopers...

14 March 2006

Armstrong Fastenings Ltd, Willenhall Manufacturing Ltd, Caparo Automotive Ltd, Armstrong Equipment Ltd - in administrative receivership

Matthew Hammond and Rob Hunt of PricewaterhouseCoopers LLP have been appointed joint administrative receivers of Armstrong Fastenings Limited, Willenhall Manufacturing Limited, Caparo Automotive Limited and...

13 March 2006

Budget 2006: Attention to corporation tax required

Corporation tax will no doubt feature in various forms in this year’s Budget. However, PricewaterhouseCoopers LLP warns that this time around the Chancellor of the...

10 March 2006

Stag Furniture (UK) Limited - in administration - update

The joint administrators, Ian Green and Edward Klempka of PricewaterhouseCoopers LLP have today announced that manufacturing at Stag Furniture is to cease and steps will...

Profitability and growth slow but financial services confident about future

Financial services firms have seen growth in business volumes slow sharply over the past quarter, as expected; but are optimistic that business will recover, according...

08 March 2006

PricewaterhouseCoopers urges companies to respond to the Business Review consultation ahead of the 24 March deadline

EMBARGOED UNTIL 00:01 9 MARCH 2006 Most large UK listed companies intend to go beyond the minimum requirements of the new Business Review, according to...

Record M&A activity in global electric and gas industry expected to continue

The M&A market in the global electricity and gas industry is entering a new blockbuster deal era. Following a record-breaking year in 2005, due largely...

Critical time ahead for pension trustees as public scrutiny increases

More than half (54%) of UK pension trustee boards do not use a formal governance policy as a framework for decision making despite the increased...

07 March 2006

Raj Mody joins PricewaterhouseCoopers multi-disciplinary UK pensions practice

Raj Mody, a leading consulting actuary and pensions expert, has joined PricewaterhouseCoopers LLP from Hewitt Associates. His appointment as a partner in the UK pensions...

Budget 2006: PricewaterhouseCoopers 'bite sized' budget facts

The Budget on 22 March will no doubt be digested at length. But in the meantime, PricewaterhouseCoopers LLP offers ten bite-sized facts about the Budget...

Tax risk management still not high enough on the boardroom agenda, warns PricewaterhouseCoopers

Companies are coming under increasing scrutiny for their tax affairs. Getting tax wrong can bruise a company’s reputation and shareholder value. Consequently, boards are beginning...

06 March 2006

UK average room rate to pass £80 as Edinburgh and Manchester perform strongly

The latest hotel forecasts for London, Birmingham, Manchester, Edinburgh and provinces. With UK hotel sector trading fundamentals looking encouraging, the average UK room rate is...

03 March 2006

CELSIUS FIRST LIMITED- IN ADMINISTRATION

Stephen Oldfield and David Chubb from PricewaterhouseCoopers LLP were appointed joint administrators to Celsius First Limited on 2 March 2006. Celsius First Limited is a...

UK companies should seize opportunities presented by major shift in economic power to emerging markets, says PricewaterhouseCoopers

UK businesses should view the much-heralded shift in economic power to emerging markets such as India and China as an unprecedented opportunity to boost trade...
  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts