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13 January 2015

The new retirement market

From April 2015, the retirement market is set for one of the biggest shake-ups in recent memory, with the introduction of the new pension freedoms. If you are retiring in the next few years, the changes will open radical new choices for you, and pension providers will be faced with...

22 December 2014

Thinking of giving a Christmas bonus? Cash is still king for employees

In the spirit of the festive season, some employers may be thinking about giving their staff a bit of a bonus this Christmas. An extra day’s holiday is often popular, or cash behind the bar at a Christmas party. But our recent survey showed that UK employees would overwhelmingly choose...

03 December 2014

Autumn Statement 2014: stamp duty " dead zones" avoided

Following today's Autumn Statement, (3 December 2014), the Government plans to overhaul of the stamp duty rates on residential property. This means that people buying an average home will have more money to spend if they complete on their purchase tomorrow, 4 December 2014. On a £300,000 house- the UK...

Autumn Statement 2014 – No mileage in reimbursed business travel costs from April 2016

Following today's Autumn Statement (3 December 2014), the Government has set out plans, that from April 2016, any business travel which is claimed in conjunction with a salary sacrifice arrangement for travel, will no longer qualify for tax relief. Linking the reimbursement of business expenses to a salary sacrifice arrangement...

Autumn Statement 2014: Capital Gains Tax regime for non-residents

At the end of November 2014, the Government issued its response to the consultation document Implementing a capital gains tax charge on non-residents, which was launched earlier this year, in March 2014. This had set out the basis on which tax would be charged on gains realised by offshore investors...

25 November 2014

Latest guidance from HMRC on statutory residence test

Have you recently completed your 2012/13 self-assessment tax return on the basis that you were not resident in the UK? If so, it is likely that you will receive a letter from HMRC outlining the new statutory residence test (SRT) which was introduced in April last year. The letter highlights...

19 November 2014

Consumer spending growth set to slow markedly after 2015

Our latest UK Economic Outlook, which we launch three times a year, was released this month and has some interesting findings for the UK. Below is a summary of the report, which can be downloaded at the end of this article. Consumer spending growth has been boosted over the past...

09 November 2014

Holiday from hell for many businesses following holiday pay ruling

John Harding, pay expert and partner at PwC looks at the implications of the new holiday pay ruling, what it means in practice and how it may affect start-ups and small to medium-sized businesses. Under EU law, workers are entitled to four weeks' holiday pay a year but there were...

03 November 2014

HMRC’s Personal tax summaries – greater transparency for workers

What are they? The Government has announced it is sending annual personal tax summaries to over 24 million people across the UK. The statements will show people how much income tax and national insurance contributions (NIC) they have paid over the 2013/14 tax year, and how this is calculated, together...

31 October 2014

Tax deadlines looming for hundreds of thousands of US expats in the UK

UK tax payers filing paper returns must do so by today, and there's only two months to go for those filing online. But for the hundreds of thousands of American taxpayers living in the UK there are other deadlines fast approaching - which could easily be overlooked. New Year's Eve...