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38 press releases from March 2007

27 March 2007

Public sector urged to learn from the corporate world's IFRS experience

Government bodies, which have just learned they will have to produce their first financial statements under International Financial Reporting Standards (IFRS) in a year’s time,...

Good Friday - Good pay guidance

Good Friday is the first day of the new 2007/08 tax year but because it is a bank holiday, wages are paid earlier and so...

25 March 2007

Budget 2007: A mixed reaction from UK captains of industry

On the surface, this year’s Budget appeared to bring some quite significant changes to the UK tax system. The two biggest single tax changes affecting...

22 March 2007

The Millenials are coming: companies must keep up with the workforce of the future.

At a PricewaterhouseCoopers conference in Barcelona today, HR leaders from international companies will hear how they need to adapt to a world where ‘the employee...

21 March 2007

Budget 2007: Changes to HMRC criminal powers are promising, but they need to be properly ring-fenced

New criminal powers for HM Revenue & Customs (HMRC) have been announced in today’s Budget with changes likely to come into force this year. Tom...

Budget 2007: R&D tax relief changes, good news for business

The Chancellor today announced welcome increases in the tax incentives for companies doing research and development (R&D) and an additional £100m of funding for this....

Budget 2007: Changes to the recognition of stock exchanges may make AIM less attractive

Recognition of stock exchanges and definition of ‘listed’ for tax purposes Clive Mackintosh, tax partner and head of private clients at PricewaterhouseCoopers LLP, said: “Legislation...

Budget 2007: HMRC approach to compliance risk management for large business

In light of the Varney Review, documents released today by HM Revenue & Customs (HMRC) provide further details on its approach to compliance risk management...

Budget 2007: Environmental measures but not much change

In 2002, the government announced its intention to shift the burden of taxation from ‘goods’ to ‘bads’ to ‘reform the tax system to increase incentives...

Budget 2007: A common sense and fair penalites framework for incorrect tax returns is welcomed

Significant changes to the penalties regime for incorrect tax returns for all taxpayers have been announced in today’s Budget and are expected to be effective...

Budget 2007: Implications for small companies

Today’s Budget included a number of references to the taxation of small companies. Kevin Nicholson, UK head of entrepreneurs and private companies, PricewaterhouseCoopers LLP, said:...

Budget 2007: Constructive moves on managed service companies welcomed

The announcement in the Budget of changes to the proposals concerning ‘managed service companies’ has been welcomed by PricewaterhouseCoopers LLP. The Pre-Budget Report proposal of...

Budget 2007: Sukuk (Islamic bonds) regime for UK

PricewaterhouseCoopers LLP welcomes legislation to enable UK based companies to issue sukuk (islamic bonds) and to facilitate the trading of sukuk in the UK. Mohammed...

Budget 2007: Missed opportunity to encourage wider employee share ownership

Despite calls from companies and their advisers, the Government has decided not to modernise the increasingly outdated company share option plan (CSOP) or to give...

Budget 2007: Vehicle excise duty

Raising vehicle excise duty to £400 on the most polluting cars may be significant for private individuals but will not be hugely significant for businesses....

Budget 2007: Capital gains tax and inheritance tax - opportunity missed

Clive Mackintosh, tax partner and head of private clients at PricewaterhouseCoopers LLP, said: “It is not altogether surprising that the Chancellor did not make any...

Budget 2007: Income tax changes to impact taxpayers

Clive Mackintosh, tax partner and head of private clients at PricewaterhouseCoopers LLP, said: “The Chancellor has abolished the 10% rate of income tax which means...

Budget 2007: Chancellor bullish on growth but tight on spending

The Chancellor today predicted that growth would pick up from 2.7% in 2006 to 2.75-3.25% in 2007, before moderating slightly to 2.5-3% in 2008. This...

Budget 2007: Homes abroad - clarity welcomed

Clive Mackintosh, tax partner and head of private clients at PricewaterhouseCoopers LLP, said: “We are pleased with the moves announced to ensure that individuals who...

Budget 2007: Corporation tax cut welcomed, but further simplification required to put the UK tax system back in business

In response to today’s Budget, Richard Collier-Keywood, UK head of tax, PricewaterhouseCoopers LLP, said: “The Chancellor’s announcement of a cut in corporation tax is welcome...

Budget 2007: PricewaterhouseCoopers experts offer instant reaction online

A summary of instant reactions to the Chancellor’s Budget from PricewaterhouseCoopers LLP experts during the speech is shown below. 14.03 "The Chancellor's announcement of a...

People managers will be central to the workplace of the future

For an industry often described as a having an inferiority complex the international HR community appears to be remarkably confident and ambitious. In a survey...

20 March 2007

PricewaterhouseCoopers industrial products group appoints new leaders

The industrial products group at PricewaterhouseCoopers LLP has announced two new appointments to its leadership team. Neil Hampson becomes aerospace and defence leader. Neil has...

Budget 2007: Pricewaterhousecoopers racecard -'starting prices'

With the Budget just 24 hours away, PricewaterhouseCoopers LLP has revised its racecard odds to give the starting prices for the Chancellor of the Exchequer’s...

18 March 2007

Budget 2007: A proactive international outlook, simplification and the environment should be at the heart of the UK's tax system

With the Chancellor of the Exchequer due to give his eleventh Budget speech in a few days time, PricewaterhouseCoopers LLP is urging Gordon Brown to...

16 March 2007

PricewaterhouseCoopers: first commercial organisation to win cycle friendly employer award

The Edinburgh office of PricewaterhouseCoopers LLP is the first commercial organisation in Scotland to be awarded the Cycle Friendly Employer Award by Cycling Scotland. This...

15 March 2007

Leading longevity specialist joins PricewaterhouseCoopers LLP multi-disciplinary pensions practice

Pensions actuary and longevity specialist, Nigel Bodie, has joined PricewaterhouseCoopers LLP pensions consulting practice. He joins from Watson Wyatt where he was a partner working...

Independent builders' merchants remain acquisition targets

The top five major builders’ merchants have grown their market share to over 80% and the acquisition of independent merchants is set to continue, according...

14 March 2007

Trustee pay increases may lead to more accountability, says PricewaterhouseCoopers LLP

UK pension schemes are paying more trustees more money than ever before, with the median level of pay for chairmen rising to £25,000 a year...

13 March 2007

European Private Equity: Strong 2006 performance drives increased allocation

Figures set new european fundraising and investment records and confirm boost of venture capital Geneva, 13 March 2007 Preliminary figures for private equity performance and...

Environmental awareness is making a big impact on company car allocation policies in the UK

Environmental issues are being considered by an increasing number of companies when developing their company car policies. A green transport policy has been introduced in...

08 March 2007

Hotel room rates climb but how long will the good times last?

The UK hotel sector is set for two more good years ahead with room rates in luxury London hotels approaching £360 a night by 2008,...

Will extended stay hotels take the UK by storm?

Increased workforce mobility and a greater emphasis on cost savings are driving a new era of extended stay hotels in the UK and Europe according...

Women step off the corporate ladder

The number of female senior managers working in major UK businesses has taken a sharp fall of over 40% in the last five years, according...

07 March 2007

Don't be an April fool: ensure your company's tax affairs are in order this month

This month is a busy time for many businesses. The Chancellor of the Exchequer will deliver his Budget speech on 21 March and for many...

Risk management fails to deliver value, survey reveals

Risk management has received considerable industry focus under the wave of regulatory reform such as Basel II and Sarbanes Oxley but, according to a survey...

London to rise from sixth to fourth place in global city GDP rankings by 2020, says PricewaterhouseCoopers

London’s status as one of the top city economies of the world looks set to continue and improve, even in the face of challenges from...

06 March 2007

Get set for the new tax year with a review of your finances

Good Friday, 6 April, will be the first day of the new 2007/08 tax year and with only a month to go, PricewaterhouseCoopers LLP is...
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