Commenting on The Pensions Regulator's annual statement made today on pension scheme funding, Mark Packham, director and head of pensions at PwC in the West & Wales, said: "The Pensions Regulator has announced some important points in its annual statement today that could make life easier for companies with large...
Business leaders are calling for government to prioritise initiatives that help foster a skilled workforce, as more than half of CEOs around the world (58%) say a lack of key skills is hampering their growth prospects. A global PwC survey of over 1,300 CEOs reveals that business leaders see the...
Employer Compliance This is a very important time of year for Employer compliance, with a number of returns due to HMRC in the next few weeks. We have provided a snapshot below of the key returns. Form 42 - unapproved annual share plan reporting For non UK tax favoured share...
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...
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...
The Government has announced it will provide the Pensions Regulator (TPR) with a new objective to support scheme funding arrangements that are compatible with sustainable growth for the sponsoring employer. The precise wording of this new objective will be set out in legislation to be published by the Department for...
The Chancellor confirmed that the introduction of the single state pension has been brought forward by one year to start in April 2016. Mark Packham, director in PwC’s pensions team, said: "The simplification of the state pension system is very welcome. Bringing its introduction forward a year to 2016 will...
Mary Monfries, Tax Partner, talks about some of the measures introduced by the Chancellor and what their impact might be on SMEs in the UK. The Chancellor remained resolute in his commitment to supporting British business and entrepreneurs. Introducing a lower corporation tax rate of 20% in April 2015 will...
Leonie Kerswill, Private Client Tax Partner, talks about the announcements we heard in the Budget and in particular their impact on individuals. A number of measures were introduced by the Chancellor, notably the increase in personal allowance to £10k from 2014 - earlier than expected. Consistency was key with little...
In this short video, Barry Murphy, PwC Tax Partner, talks about the impact of Budget 2013 on larger businesses and whether George Osborne is continuing to deliver on his commitment to send the message that Britain really is 'open for business'. Measures announced include the early introduction of the 20%...
