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.
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| Deloitte appoints new Chairman of the UK Board of Partners |
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01 June 2007 |
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Deloitte, the business advisory firm, today announced the appointment of David Cruickshank as Chairman of the UK Board of Partners, with effect from 1 June 2007. David will succeed Martin Scicluna, who steps down from the role on 31 May 2007 after serving 12 years as Chairman. David Cruickshank (48) has spent his entire career with the firm having joined as a trainee accountant in 1979 in the firm's Edinburgh office after graduating from the University of Edinburgh. He moved on qualification to the London office in 1982 and has specialised throughout his career in advising large corporates on their tax affairs. He became a partner... |
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| New fraud laws to stop the carousel |
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01 June 2007 |
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Friday June 1st 2007 sees the introduction of new rules making it harder for organised criminals to steal VAT from the UK taxpayer. Carousel fraud, otherwise known as Missing Trader Intra-Community (MTIC) fraud, is highly prevalent in the mobile phone and microchip distribution industries as they are both small items of high value. The new VAT accounting system will be applied to mobile phones and computer chips. This will effectively remove the opportunity for missing trader fraud to occur in connection with these items and make sure that the full and correct taxes are paid on these products by all traders. Dennis... |
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| Deloitte wins prestigious best financial adviser at the public private finance awards |
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01 June 2007 |
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Deloitte, the financial advisory firm, is delighted to be the recipient of the best financial adviser award at the recent Public Private Finance Awards ceremony. Two highlights for the Deloitte private finance initiative experts in the last year include achieving financial completion on Project MoDEL for Defence Estates, and the London Borough of Greenwich’s Building Schools for the Future project – both examples of a new way of procuring and delivering essential infrastructure. Paul Stephen, PFI partner at Deloitte, said “We are delighted that our work in public private partnerships has been recognised by the industry in this way.... |
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| Deloitte grows insurance practice |
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01 June 2007 |
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Deloitte has today announced a number of senior appointments to its specialist UK insurance team. Four directors have been promoted to partner, effective today. These include: Cindy Chan – Cindy leads our Insurance Regulatory Consulting Team. She works with companies to transform their compliance functions and supports initiatives to respond to regulatory developments such as the FSA's "Treating Customers Fairly" initiative. She has extensive experience working with insurers and investment managers on building risk-based compliance monitoring methodologies and programmes and conducting regulatory... |
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| Premier League clubs’ profits are set to double |
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31 May 2007 |
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Deloitte’s latest Annual Review of Football Finance, reveals that whilst the changes to the Premier League clubs’ financial results over the past three seasons have been fairly minimal, there are some big increases just around the corner. According to the business advisory firm Deloitte, the combination of increases in revenue and reasonable wage cost control should almost double operating profits to £260m in the 2007/08 season. The report, in its 16th year, confirms that the Premier League clubs remain by far the... |
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| Free daily health check for hotels |
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30 May 2007 |
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Hotel operators promise their guests a good night’s sleep but often stay awake themselves worrying over how they are performing against their competitors. Responding to these industry concerns, Deloitte has today launched a Daily HotelBenchmark™ solution which gives hoteliers access to next day reporting for their hotel. The product, part of the HotelBenchmark™ package already used by over 7,000 hotels, is free to all hotels for the rest of the year. Commenting on the launch, Lorna Clarke, Executive Director of HotelBenchmark™ said: “We’re very excited about the launch of our new daily solution, which responds to industry demand... |
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| Deloitte rules the corporate seas |
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29 May 2007 |
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Deloitte, the business advisory firm, has retained the Industry sailing challenge trophy after shrugging off competition from crews from Npower, Kroll, Dupont and BP. On the 10th and 11th May Deloitte entered 5 boats in the Challenge Trophy, which took place in Port Solent, Hampshire. The crews represented the breadth of Deloitte service lines, regions and departments. The gruelling challenge involved sailing twice around the Isle of Wight, in a 24 hour marathon requiring expert sailing skills, team work, combating fatigue and the determination and drive to battle winds and tides to complete the course. The... |
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| Deloitte celebrates treble tax award success |
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29 May 2007 |
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The tax practice at Deloitte, the business advisory firm, is celebrating success after scooping three prestigious accolades at two separate tax award ceremonies. The Deloitte R&D Tax Services team has been named Best Big Four Tax Team title at the Lexis Nexis Taxation Awards. This is the second time in four years that the R&D team, established in 2003, has triumphed in this top category. Deloitte won a second victory at the Lexis Nexis Taxation Awards, with its VAT Litigation team being named Best VAT Team. This major achievement recognises Deloitte’s market leading litigation team and the cutting edge work it carries out... |
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| Deloitte responds to Government white paper |
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23 May 2007 |
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‘Government projections are underpinned by some bold assumptions and delivering the policy goals will be key priority for the incoming Prime Minister’ - Deloitte responds to Energy Policy White Paper published today. Business advisory firm Deloitte has welcomed the Government’s energy White Paper published today but points out that bold assumptions underpin the achievement of the policy target to cut emissions by 26-32%. Deloitte energy economist, Robin Cohen, commented: “We are very supportive of the government's general policy direction in terms of promoting a favourable investment framework for a diverse energy mix.... |
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| Pension schemes now in surplus |
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22 May 2007 |
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Deloitte actuaries estimate that the pension schemes of the FTSE 100 companies now have an aggregate surplus relative to the accounting value of their liabilities. Pension deficits have fallen by £40 billion since the start of the year and are at the lowest level for more than five years. The improvement has been fuelled by an increasing UK equity market and falls in the prices of bonds used to measure pension scheme liabilities. Most pension schemes invest a significant proportion (60% on average) of their assets in the stock market. The value of UK shares has increased by 9% since the start of the year, and the Dow... |
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