Listed below are our UK press releases, providing an overview of our activities and opinions over the last 18 months. Our most recent press releases can be found at the top of the page.
For more information please contact a member of the public relations team or visit our global news room.
Email alerts
Receive our latest news releases as soon as they are published by registering for our email alert service. Find out more.
RSS news feeds
Recieve the latest updates from Deloitte via our RSS news feed.
| Staff hire concession removal will leave business short |
 |
14 March 2008 |
|
Banks, insurances companies, healthcare institutions and charities that use temporary staff are amongst a range of companies facing an increased VAT bill following the announcement yesterday from HMRC that the Staff Hire Concession (SHC) will be removed, with effect from 1 April 2009. The Treasury estimates that the withdrawal of SHC will cost business in the region of £200 million a year. The SHC allows employment businesses, specialising in temporary staffing, to supply their employees as temporary workers to clients and only charge VAT on their commission or agency fees. This means that businesses classified as exempt or... |
|
| Deloitte comments on reduction in value of equity ISAs |
|
12 March 2008 |
|
"The change to the rate of Capital Gains Tax (CGT) will reduce the value of equity ISAs to investors. Depending on growth rates, the benefit might be worth £72 per year for a basic rate taxpayer, or less than £105 for a higher rate taxpayer. These figures are correct if the annual investment return is 5%, split equally between income and growth. Prior to the changes planned for next year, these figures would be over £76 and £144 respectively. "If the total annual return is 10%, with 3% of that being income, the annual tax saving for a basic rate taxpayer is less than £135. For a higher rate taxpayer, the annual saving is... |
|
| Chancellor's announcement will benefit charities by up to £300 million over 3 years |
|
12 March 2008 |
|
"We really welcome the Chancellor's announcement to benefit charities. The reduction in basic rate tax was potentially going to cost charities up to £90 million pa, as their repayments are calculated on basic rate tax. However, the Chancellor has decided to keep the existing repayment rate for 3 years - giving charities up to £300 million over this period.
"The change is especially welcome, as it has been very hard for charities to explain easily to their donors why they lost money through the basic rate reduction."
About Deloitte
In this press release references to... |
|
| Move towards longer term fixed rate mortgages may benefit both lenders and consumers |
|
12 March 2008 |
|
Commenting on the Government's plans to encourage lenders to offer longer term fixed rate mortgages, Chris Samson, head of secured lending at Deloitte, said:
"Despite the Government’s desire for lenders to offer long term fixed rate mortgages to consumers, a substantial industry effort would be required to persuade the public to buy them. Recent research by YouGov for Deloitte, indicated that only one in 10 borrowers would consider fixing their mortgage rate for between 10 and 25 years.
"However, there does appear to be untapped consumer appetite for 5-10 year deals. Nearly four out of 10 borrowers (38%) would... |
|
| Hoping for the best - Roger Bootle's response to the 2008 Budget announcement |
|
12 March 2008 |
|
As expected, this Budget contained no substantial new tax measures, and no substantial changes to government spending. The main interest was in the change to the Treasury’s economic forecasts and the associated projections for government borrowing.
In the event, despite gloomy words from the Chancellor in his speech amid warnings about the slowing world economy and the turbulence in financial markets, the growth forecasts for this year and next were trimmed only marginally, by 0.25% in both years. This meant that the Chancellor adhered to the view that after slowing this year, the economy will pick up speed again next year. And... |
|
| Government sets out measures to tackle high emission vehicles |
|
12 March 2008 |
|
The Government has set out a number of environmental measures in today’s Budget which will impact on company car fleets.
Alison Chapman, head of automotive tax at Deloitte, said:
"The tax relief for company cars will depend on the level of CO2 emissions. 160g/km and 110g/km will become key benchmarks. At the moment 160g/km is the one that will have an impact. There will be a big difference to the cost to the company of a car with emissions of 161g/km compared to one with 160g/km, all other things being equal.”
“As a result I expect a range of cars to no longer have a market within the mainstream company car... |
|
| What the 2008 Budget means for business |
|
12 March 2008 |
|
Commenting on the impact of today's Budget on UK businesses, Bill Dodwell, tax partner at Deloitte, said: "Overall, there are not too many significant changes for businesses, which will be generally welcome. There are, however, a great number of small changes and the Budget pack of materials is one of the largest we've seen. The Treasury would help business (and HMRC) by reducing some of this volume of change. "On the whole, UK companies will not be pleased with the substance of today's Budget. Today's new measures, combined with changes announced in last year’s Budget, mean that businesses will pay an extra £2 billion a year in... |
|
| Deloitte comments on entrepreneurial business measures in today’s Budget |
|
12 March 2008 |
|
Tony Cohen, Head of UK Entrepreneurial Business at Deloitte, said: “On the whole, today’s Budget contains some positive measures for entrepreneurs in the UK although they fall well short of what was taken away in the Pre-Budget Report through the abolition of Taper Relief and the changes in the treatment of non-domiciles.” “As expected, the ‘Entrepreneurs Relief’ was confirmed which effectively taxes the first £1m of lifetime gains arising from the disposal of interests in trading businesses at 10% rather than at the new rate of 18% which will apply from 6 April. This translates to a potential lifetime tax benefit of... |
|
| Deloitte welcomes clarification of non dom rules |
|
12 March 2008 |
|
The Government has responded positively to the consultation over these controversial measures and we welcome the extensive changes published today.
Tony Cohen, head of private client services at Deloitte, commented:
"The exclusion of minor children from the '£30,000' regime, the drafting of the tax in a way aimed at securing a US tax offset for US nationals and the ability for the £30,000 to be treated as a payment of the UK tax relating to a real remittance are all sensible amendments to the original proposals.
"Certainly, the removal of offshore trusts from the UK tax net, unless income or gains are... |
|
| Deloitte response to the Government’s Budget 2008 commitment to explore national road pricing to tackle congestion and emissions |
|
12 March 2008 |
|
Ian Simpson, a Deloitte partner, who leads the firm’s public transport consultancy team responded to the Budget 2008 commitment to better manage England’s road capacity, commenting: "The Budget 2008 demonstrates the Government’s willingness to tackle congestion by exploring the use of road pricing and adding motorway capacity through the use of hard shoulders. Although the timetable for developing these proposals by Pre-Budget Report 2008 is challenging, it clearly signals a commitment to tackle ever increasing levels of congestion on the road network and improve journey time reliability. "Equally, ensuring... |
|
|
[<< Prev]
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
[Next >>]
|
