Public sector outsourcing: "Fair Deal" pensions policy
The government's new "Fair Deal" policy sets out how pensions issues should be handled when public sector employeers compulsorily transfer to independent service providers. This bulletin provides further detail and comment.
KPMG's Guide to Directors' Remuneration 2013
KPMG's Guide to Executive Remuneration 2013 explores markt practice for executive pay and icentives plus non-executive directors' fees in FTSE 350 companies over the past year.
Are you ready for the 2015 VAT changes?
On 1 January 2015 the VAT place of supply rules will change and the European Commission will implement a Mini One Stop Shop scheme to simplify VAT accounting for relevant supplies.
FATCA - where are we now?
An update on FATCA: where we are now, reporting requirements and key messages for UK Financial Institutions.
Tax Journal Article - International Briefing August 2013
The big news since my last article is the publication of the OECD’s Action Plan on Base Erosion and Profit Shifting. There have also been a number of developments in the area of automatic exchange of information, particularly FATCA.
FTT - where now?
The proposed FTT has attracted widespread criticism from the financial community, politicians, and central bankers since it was released in February
Automatic-enrolment is now here
We are pleased to invite you to join one of a mini series of automatic enrolment pension seminars which KPMG are hosting across the country during late May and early June.
KPMG Pensions: Member Options Survey 2012
KPMG Pensions’s 2012 Member Options Survey examines market developments for Enhanced Transfer Value, Pension Increase Exchange and Flexible Retirement Option exercises
Reward transformation for the future
Imagine a world where HR is championed for its ability to add real value to an organisation. Reward & benefits transformation can demonstrate this
Budget 2013: Offshore tax crackdown intensifies
The Government’s crackdown on offshore tax evasion continued today, with the Chancellor announcing an agreement for the exchange of information and accompanying disclosure facility with Jersey.
Jersey agrees to the UK tax package
The Jersey Government announced today that Jersey is finalising a “FATCA” style agreement with the UK government to enhance its existing tax information exchange arrangements
Public policy and tax
KPMG in the UK has published a set of principles which govern the tax advice the firm provides to its clients.
KPMG director receives OBE
Teresa Sienkiewicz, director in KPMG’s pensions audit practice, has received an OBE in this year’s New Year honours list for services to the accountancy and pensions professions.
CFC Reform overview
The UK Controlled Foreign Companies legislation has been reformed with the aim of making the UK tax system more competitive for multinational companies.
Premium limit for qualifying policies
We consider in this article the proposed legislation in draft Finance Bill 2013 in relation to the new £3,600 premium limit for qualifying policies and whether concerns raised by the Industry during consultation have been appropriately addressed.
Finance Company Regime
The Finance Company Regime within the new CFC rules gives UK based multinationals an opportunity to significantly reduce their tax rate.
Employee Incentives Update July 2012
KPMG’s latest edition of the Employee Incentives Update includes an article the UK government’s latest proposals on the governance and reporting of directors’ pay.
If you’re a start-up in the technology sector we can help you with the issues that you face on a daily basis
Pensions Auto-enrolment WebEx July 2012
Pensions auto-enrolment will affect all employers by 2017, at an estimated cost to businesses of £3.5bn a year. Join this KPMG WebEx to fully understand how this change will affect your company.
Enhanced Transfer Values
Enhanced Transfer Values are now a mainstream tool for pension risk management, and quality appears to be rising in the face of regulatory concerns.
Insurance business transfers in the new life tax regime
The major changes to the treatment of insurance business transfers in the new life insurance tax regime means that groups progressing or contemplating transactions should reassess their restructuring processes and analysis of tax risk.
Employee Incentives Update 2012
KPMG’s latest edition of the Employee Incentives Update includes an article on meeting the tax and regulatory challenges of operating share plans globally.
KPMG’s year end tax checklist
As the tax year ends on April 5 2012 approaches, the private client team at KPMG in the UK has put together a checklist of tax issues to consider covering income tax...
Budget 2012: Tax relief boost for creative industries
Lucy Parry, Media Tax Specialist at KPMG says "This is a welcome boost for the UK creative industries. It will hopefully prevent large budget British TV productions like Titanic and The Tudors being filmed abroad where tax breaks are more generous."
Budget 2012: SMEs – Chancellor lifts the mood
Malcolm Edge, UK Head of National Markets said "SMEs in the UK would have wanted to have seen three things from the announcement today, how to improve competitiveness, how to de-cluter leglislation and how to stimulate growth.
Practical implications of FATCA for UK insurers
KPMG discusses some practical FATCA considerations, such as the impact on investments, policy documentation and personal pensions, and indentifies areas to discuss further with industry bodies.
Swallowing the FATCA operational challenge
KPMG discusses the practical implications of FATCA guidance, including perceptions that it only impacts US investors. The article considers whether pension policies in or out of scope and the operational challenges facing insurance companies.
Tax in the Cloud
Business models are evolving as companies worldwide respond to changes in technology and the rise of cloud computing.
UK-Swiss Agreement Client Briefing Sheet
A new tax agreement between the UK and Switzerland was signed on 6 October 2011 by the governments of the UK and Switzerland. The agreement is expected to enter into force from 1 January 2013.
Salary Sacrifice post Reed Employment Case
Reed Employment case, Reed Employment plc v The Commissioners for HM Revenue and Customs, salary sacrifice schemes, salary sacrifice arrangements, KPMG employment issues, KPMG employment tax
The hidden cost of delayed FATCA regulations
The U.S. Internal Revenue Services’ (IRS) delay in release of the proposed regulations for the Foreign Accounts Tax Compliance Act (FATCA) may drive up the costs of compliance programmes, warns KPMG.
Pensions Audit and Assurance Survey - December 2011
Half of pension schemes believe their pension liabilities should form part of their annual accounts and be subject to audit, according to a KPMG survey of 250 major pension schemes with assets ranging from £100m to over £1bn.
GAAR report published
On Monday 21 November, HM Treasury published a report written by Graham Aaronson QC recommending the introduction of a General Anti Avoidance Rule (GAAR) in the UK.
Employee Incentives Update November 2011
This quarter's edition of Employee Incentives Update (EIU) summarises the key findings of KPMG's Guide to Directors' Remuneration 2011 which surveys executive pay and incentives and non-executive directors' fees in FTSE 350 companies.
Autumn Statement 2013
Will we see a rather more upbeat Chancellor delivering his autumn statement on December 5?
Solving tax for Solvency II
The solvency capital requirement is defined as an amount equal to a 1 in 200 year loss. Crucially, this loss is net of any tax relief and so this tax relief is a key driver of the overall capital requirement.
Analysis International Briefing for October 2011
The HMRC proposals on tax treaties anti-avoidance have been dropped following widespread objections. The ECJ National Grid Indus case looks at the Dutch exit tax rules but may also have implications for other Member States.
Pensions Repayment Monitor 2011
FTSE 100 Pension Deficits more affordable as earnings improve but companies need to ensure they are capturing full value from their contributions
The UK as a holding company location
The UK Government has taken steps to make the UK tax system much more competitive for holding companies. This has led to the return of companies who previously migrated from the UK, as well as the establishment of a number of new holding companies.
The Patent Box gives companies that are holding patents and using them in their business the opportunity to signifi cantly reduce their UK tax burden.
ETF 166 ECJ National Grid Indus Case
Dutch exit tax – taxation of unrealized foreign exchange gains – freedom of establishment – balanced allocation of taxing rights – cohesion of tax system.
Controlled Foreign Company (CFC) Reform
Since June 2007, the Government has been consulting extensively on proposals for a new Controlled Foreign Company (CFC) regime. View KPMG’s commentary and analysis on the proposed new regime.
Tax Services for Corporate Occupiers
There is a tax angle on every property transaction. KPMG’S real estate tax team can help clients identify the issues and work with them to increase cashflow by reducing the tax costs.
Euro Tax Flash 26 July 2011
On July 21, 2011, the European Court of Justice ("ECJ") rendered its judgment in the Scheuten Solar Technology case (C-397/09).
Euro Tax Flash 20 July 2011
German tax credit on EU dividends – requirement and form of corporate tax certificate in order to be able to claim German tax credit.
M&A Tax Matters Issue 78 July 2011
This month we are off to South America for a look at some of the key tax considerations affecting transactions in Argentina, Brazil, Chile, Mexico and Uruguay.
Patent Box Consultation
A consultation document was issued by HM Treasury on 10 June 2011 which considers the proposed operation of a “Patent Box” regime under which profits arising from patents would be taxed at a preferential rate of 10 percent.
Resolving tax disputes
The context for resolving tax disputes continues to change with each development in the tax environment; whether that be new legislation, pressure on tax receipts or pressure on businesses to add value and manage cash.
Employee incentives update May 2011
HM Revenue & Customs (HMRC) guidance published in February suggested most mainstream share plan and deferred remuneration arrangements would be removed from the scope of the new rules.
Pensions Accounting Survey 2011
KPMG's Pensions Accounting Survey 2011 shows that most UK companies saw pension balance sheets improve over 2010, with strong asset returns more than offsetting slightly tighter real discount rates.
On 23 March 2011 the Chancellor announced a significant increase to one of the key Capital Gains Tax (‘CGT’) reliefs, Entrepreneurs’ Relief. From 6 April 2011 the lifetime limit was increased from £5m to £10m.
Non-Dom Update Budget 2011
The Government announced several changes to the taxation of non-UK domiciled individuals (“non-doms”) in
the 2011 Budget on 23 March.
M&A Tax Matters
M&A Tax Matters focuses on topical issues impacting transactions. Read the latest edition
A number of companies use employee sub-trusts – sometimes called ‘family benefit trusts’ – for the purposes of operating their share plans.
Personal Perspectives covers a variety of contemporary points relevant to Private Clients
Weekly Tax Matters
Read KPMG's new weekly tax publication which provides tax and finance professionals with an overview of the latest tax developments and forthcoming issues every Monday.
Weekly Tax Matters 4 May 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
M&A Tax Matters - Issue 76
Issue 74 - External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: Debt/equity swaps – A new trap for the unwary?;
P11D Submission Deadline 6th July 2011/2012
Welcome to the KPMG P11D Solutions page for the 2010/2011 tax year. KPMG have been producing market leading HMRC approved P11D software for over a decade through our own P11D Solutions software.
KPMG's Employers' Club has been designed to help employers stay at the forefront of the latest developments in employment tax risk and reward.
Tax Disputes Resolution
We enable clients to unlock value tied-up in unresolved tax issues during a time of increased pressure on tax receipts