KPMG RSS Taxhttp://www.kpmg.com/_layouts/feed.aspx?xsl=1&web=/UK/en/IssuesAndInsights/RSSFeeds&page=09281350-b1ed-4f55-babb-61caf716f677&wp=967b7ce0-c1ce-4af6-b9d9-c8fd10943601KPMG RSS Tax60LDI market remains dominated by just three fund managers as it grows 11 percent to nearly £1/2 trillion of liabilities hedged in 2012, finds KPMG surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/LDI-market-remains-dominated-by-just-three-fund-managers-as-it-grows-11-percent.aspxUK Liability Driven Investment (“LDI”) now covers £446bn of liabilities, an 11 percent increase over 2012 with 686 UK pension scheme mandates now employing LDI, according to the latest research issued by KPMG Investment Advisory. Mon, 17 Jun 2013 10:37:53 GMT2013 AGM season so far: “shareholder spring” again for small caps but little dissent on pay among larger listed companies, finds KPMG researchhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/shareholder-spring-again-for-small-caps-but-little-dissent-on-pay-among-larger-listed-companies-finds-KPMG-research.aspxHalf way through the AGM season, indications are that the ‘shareholder spring’ has re-emerged among small cap companies but dissent on pay has reduced significantly among larger listed companies.Mon, 17 Jun 2013 09:42:59 GMTKPMG's 2013 Liability Driven Investment (LDI) Surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/2013-liability-driven-investment-ldi-survey.aspxKPMG’s 2013 LDI Survey find the LDI market remains dominated by just three fund managers as it grows 11 percent to nearly £1/2 trillion of liabilities hedged in 2012Wed, 19 Jun 2013 08:31:32 GMTTax Journal Article – International Briefing May 2013http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-international-briefing-may-2013.aspxTax Journal Article 31 May 2013 - The International briefing for May 2013 by KPMG in the UKThu, 06 Jun 2013 13:26:01 GMTFATCA: KPMG welcomes revised draft UK guidancehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/FATCA-KPMG-welcomes-revised-draft-UK-guidance.aspxHMRC has published updated regulations and guidance on the implementation of FATCA* in the UK. The documents came out late on Friday 31 Tue, 04 Jun 2013 11:01:10 GMT£90m just “the tip of the iceberg” in NIC clampdown, says KPMG in the UKhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/90m-just-the-tip-of-the-iceberg-in-NIC-clampdown-says-KPMG-in-the-UK.aspxHMRC’s estimate that there is £90m of tax at stake here is just the tip of the iceberg. Thu, 30 May 2013 13:37:41 GMTAsset-backed funding for pensions surges in past six monthshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Asset-backed-funding-for-pensions-surges-in-past-six-months-finds-KPMG.aspxKPMG’s asset-backed funding for pensions activity in six months ended March 2013 outstrips the entire market for the previous yearMon, 03 Jun 2013 08:41:30 GMTKPMG 2013 Pensions Accounting Survey: UK pension liabilities up by over 60% in 5 yearshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-2013-Pensions-Accounting-Survey-UK-pension-liabilities-up-by-over-60-in-5-years.aspxAssets do not keep pace with liabilities; life expectancy continues to rise, finds KPMG survey Thu, 23 May 2013 09:23:37 GMTKPMG's 2013 Pensions Accounting Surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/2013-pensions-accounting-survey.aspxKPMG's 2013 Pensions Accounting Survey looks at trends in best estimate assumptions based on the experience of 305 of KPMG's audit clientsThu, 23 May 2013 09:01:22 GMTKPMG's Asset-Backed Funding (ABF) - Market Updatehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/asset-backed-funding-market-update.aspxThe latest results from KPMG’s ABF Update shows a surge in the value of ABF for pensionsThu, 30 May 2013 10:55:45 GMTTax Journal Article - Analysis: Tax and UK GAAP conversion May 2013http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-tax-ukgaap-conversion-may-2013.aspxTax Journal Article 10 May 2013 - Analysis: Tax and UK GAAP conversion May 2013 by KPMG in the UKTue, 14 May 2013 12:43:22 GMTBank of England MPC Interest Rate decision: “Quantitative Easing on hold but not the end of the story” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Bank-of-England-MPC-Interest-Rate-decision-Quantitative-Easing-on-hold-but-not-the-end-of-the-story-says-KPMG.aspxCommenting on today’s decision from the Bank of England Monetary Policy Committee to maintain the Bank Rate at 0.5 percent and the size of the Asset Purchase Programme at £375 billion, KPMG Chief Economist, Andrew Smith, saidThu, 09 May 2013 10:51:46 GMTThere Is No Escaping It - Businesses Cannot Ignore Indirect Taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/There-Is-No-Escaping-It-Businesses-Cannot-Ignore-Indirect-Tax.aspxVAT, GST, Sales, Consumption—whatever you call it—‘indirect’ tax is here to stay. Wed, 08 May 2013 11:25:41 GMTKPMG takes top honours in Pensions Awardshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-takes-top-honours-in-Pensions-Awards.aspxKPMG has been named ‘Employee Benefits Consultancy of the Year’ in the UK Pensions Awards 2013 which took place last nightFri, 03 May 2013 14:22:45 GMTKPMG Pensions: Member Options Survey 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/pensions-member-options-survey-2012.aspxKPMG Pensions’s 2012 Member Options Survey examines market developments for Enhanced Transfer Value, Pension Increase Exchange and Flexible Retirement Option exercisesFri, 03 May 2013 08:10:48 GMTTax Journal Article - International Briefing April 2013http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-international-briefing-april-2013.aspxTax Journal Article 26 April 2013 - International Briefing for April 2013 by KPMG in the UKThu, 23 May 2013 09:59:10 GMTStatement from Jane McCormick, head of tax at KPMG in the UK, on the House of Commons Committee of Public Accounts Report: “Tax avoidance: the role of large accountancy firms”http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Statement-from-Jane-McCormick-head-of-tax-at-KPMG-in-the-UK-on-the-House-of-Commons-Committee-of-Public-Accounts-Report.aspxWe welcome the current debate on tax and the seriousness with which parliament is looking at it. Thu, 25 Apr 2013 22:05:10 GMTKPMG identifies countries most active in using tax as green policy toolhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-identifies-countries-most-active-in-using-tax-as-green-policy-tool.aspxThe UK was today named by KPMG International as one of the six most active countries in using tax as a tool to drive sustainable corporate behaviour and achieve green policy goalsThu, 25 Apr 2013 11:12:57 GMTNo triple-dip: “A relief, but muted celebrations” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/No-triple-dip-A-relief-but-muted-celebrations-says-KPMG-Chief-Economist.aspxCommenting on the Office for National Statistics’ preliminary estimate of UK Gross Domestic Product which showed that the economy grew by 0.3% in the first quarter of 2013Thu, 25 Apr 2013 09:31:03 GMTVAT turns 40 - 10 things you didn’t know about VAT as it reaches the big 4-0 on April 1sthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/VAT-turns-40.aspxAhead of the VAT system’s 40th birthday on 1st April, Gary Harley, head of indirect tax at KPMG in the UK, said: Sun, 31 Mar 2013 22:05:54 GMTBudget 2013: Government acts to regulate payment systemshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-government-acts-regulate-payment-systems.aspxPayment systems are an essential part of the UK economy; they drive its competitiveness, they underpin its commerce and they stimulate its growthThu, 21 Mar 2013 10:00:44 GMTBudget 2013: Tax cardhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/budget-2013-tax-card.aspx2013 UK Budget – Tax CardThu, 21 Mar 2013 13:10:00 GMTBudget 2013: Little comfort in the short term for public servants, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-little-comfort-in-the-short-term-for-public-servants.aspxMorale across the public sector is already fragile, so the decision to drive up National Insurance Contributions will put further strain on employee engagementWed, 20 Mar 2013 16:50:59 GMTBudget 2013: Single pot is half full and only at the end of a very long rainbow, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-single-pot-half-full.aspxIt is great that the government has accepted Lord Heseltine’s recommendations around the single pot of fundingWed, 20 Mar 2013 16:42:24 GMTBudget 2013: Chancellor tackles die hard stamp duty avoidershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-chancellor-tackles-die-hard-stamp-duty-avoiders.aspxNew subsale rules have been introduced with retrospective effect to catch out those who have persisted with using schemes to avoid stamp duty land tax, usually on residential property. Wed, 20 Mar 2013 16:31:02 GMTBudget 2013: Transport priority among top 40 infrastructure programmes, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-transport-priority-among-top-40-infrastructure-programmes.aspxToday’s Budget is good news for Britain’s transport networkWed, 20 Mar 2013 16:31:19 GMTBudget 2013: Energy: government puts money where its mouth is on CC&Shttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-energy-government-puts-money-where-its-mouth-is-on-CCS.aspxAndy Cox, energy partner at KPMG, commenting on the announcement in the Budget today on two new carbon capture & storage (CC&S) projectsWed, 20 Mar 2013 16:17:42 GMTBudget 2013: Tax breaks for investment in small businesshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-tax-breaks-for-investment-small-business.aspxWith the ongoing crack down on tax avoidance set to increase the Government’s tax take, UK tax payers could be forgiven for hoping for additional tax reliefs from today’s Budget statement.Wed, 20 Mar 2013 16:07:48 GMTBudget 2013: Abolition will level the playing field for UK fundshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-abolition-will-level-playing-field.aspxThe decision to abolish the Schedule 19 Stamp Duty Reserve Tax regime with effect from 1 April 2014 is a major headline grabber for the UK funds industry Wed, 20 Mar 2013 15:55:26 GMTBudget 2013: Investment Management Strategy provides boost for UK fundshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-investment-management-strategy-provdes-boost-for-UK-funds.aspxThe Treasury's Investment Management Strategy is “a very strong statement of intent to preserve and enhance the UK’s position as a leading global investment management centre”Wed, 20 Mar 2013 15:55:25 GMTBudget 2013: Business cheers HMRC turnaround on manufacturers' goodwill paymentshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-vat-refunds-manufacturers-business-cheers-HMRC-turnaround-goodwill-payments.aspxWe are delighted that HMRC has now legislated to change the treatment of goodwill payments by manufacturers to final customers, which means these businesses can now accelerate related VAT refunds. Wed, 20 Mar 2013 15:47:02 GMTBudget 2013: Disappointment on business rates and infrastructure allowanceshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-business-rate-concessions-infrastructure-allowances-corporate-tax.aspxMost businesspeople will have felt cheered by today’s budget. There were plenty of positive tax measures especially for small business enterprises.Wed, 20 Mar 2013 15:24:50 GMTBudget 2013: Infrastructure: new spend welcome but ‘ineffectual’ to the UK’s needs, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-infrastructure-new-spend-welcome-but-ineffectual-to-UK-needs.aspxFrom an infrastructure perspective today’s Budget was disappointing.Wed, 20 Mar 2013 15:22:19 GMTBudget 2013: Inheritance tax shock for many business ownershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-inheritance-tax-shock-for-many-business-owners.aspxFor many business owners today’s Budget brings the prospect of significant new inheritance tax liabilities, says KPMG.Wed, 20 Mar 2013 14:59:32 GMTBudget 2013: Offshore tax crackdown intensifieshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-offshore-tax-crackdown-intensifies.aspxThe 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.Wed, 20 Mar 2013 14:48:58 GMTBudget 2013: Ring-fencing NHS budget doesn't guarantee results for patientshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-ring-fencing-nhs-budget-does-not-guarantee-results-for-patients.aspxAndrew Hine, UK head of healthcare at KPMG, comments on the Chancellor’s announcement that the NHS’ budget will continue to be protectedWed, 20 Mar 2013 14:44:13 GMTBudget 2013: Tech Sector - Chancellor moves the focus from start-ups to high growthhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-chancellor-moves-the-focus-from-start-ups-to-high-growth.aspxTim Kay of the KPMG High Growth Technology comments on the Budget announcements todayWed, 20 Mar 2013 14:15:47 GMTBudget 2013: More reasons to cheer for automotive industry, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-more-reasons-cheer-automotive-industry.aspxJohn Leech, UK Head of Automotive at KPMG comments: "Despite little room for manoeuvre, the Chancellor has delivered a number of important stimuli that will be welcomed by automotive manufacturers" Wed, 20 Mar 2013 14:39:49 GMTBudget 2013: Chancellor strikes sympathetic tone on pension scheme deficitshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-chancellor-strikes-sympathetic-tone-on-pension-scheme-deficits.aspxKPMG pensions director Gordon Sharp said: “This response to the recent consultation by DWP will be welcomed by many sponsoring employers of final salary pension schemes"Wed, 20 Mar 2013 14:16:29 GMTBudget 2013: Oil industry welcomes support for investmenthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-oil-industry-welcomes-support-for-investment.aspxThe oil & gas industry in the North Sea – having endured the shock tax announced in the Budget two years ago – will welcome the announcements on decommissioning certainty.Thu, 21 Mar 2013 10:53:03 GMTBudget 2013: Chancellor announces 10% boost for investment in R&Dhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-chancellor-announces-boost-investment-RD.aspxThe Chancellor today announced an increase in the new R&D Expenditure Credit for Large Companies from 9.1% to 10%Wed, 20 Mar 2013 14:01:30 GMTBudget 2013: Budget fails to throw retailers vital rates lifelinehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-budget-fails-to-throw-retailers-vital-rates-lifeline.aspxRetailers wanted measures that put more money in consumers’ pockets, and reduced the costs on their balance sheets. Today’s Budget has touched on the first, but completely failed to achieve the secondWed, 20 Mar 2013 13:53:19 GMTBudget 2013: Chancellor puts faith in SME community to boost economic growth in the UKhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-chancellor-puts-faith-SME-community-boost-economic-growth.aspxDavid Bywater, Tax Partner at KPMG commenting on announcements made by the Chancellor today for the SME community in the UKWed, 20 Mar 2013 13:53:03 GMTBudget 2013: “Help to Buy” Mortgage Scheme is fast acting pain relief, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-help-to-buy-fast-acting-pain-relief.aspx“Help to Buy” Mortgage Scheme is fast acting pain relief, says KPMGWed, 20 Mar 2013 13:48:26 GMTBudget 2013: State pension changes to hit final salary schemes warns KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-state-pension-changes-to-hit-final-salary-schemes.aspxChancellor George Osborne confirmed in his Budget speech today that state pension changes – creating a single tier state pension - will be brought forward to 2016 from 2017.Wed, 20 Mar 2013 13:49:15 GMTBudget 2013: Ambitious deficit reduction 'stunting growth'http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-ambitious-deficit-reduction-stunting-growth.aspx2013 UK Budget – KPMG commentary and analysis.Wed, 20 Mar 2013 13:58:03 GMTBudget 2013: A business friendly budget on taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-business-friendly-budget-on-tax.aspx2013 UK Budget – KPMG commentary and analysisWed, 20 Mar 2013 17:52:44 GMTBudget 2013: Revised gov procurement tax ruleshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2013-revised-gov-procurement-tax-rules.aspxRevised gov procurement tax rules “good for government, for business and for ensuring companies play by the rules,” says KPMGWed, 20 Mar 2013 13:49:19 GMTJersey agrees to the UK tax packagehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Jersey-agrees-to-the-UK-tax-package.aspxThe Jersey Government announced today that Jersey is finalising a “FATCA” style agreement with the UK government to enhance its existing tax information exchange arrangementsWed, 20 Mar 2013 10:30:43 GMTPain relieved – at least for the moment” on PAYE reporting, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pain-relieved–at-leas-tfor-the-moment-on-PAYE-reporting-says-KPMG.aspxCommenting on today’s announcement from HMRC of plans to ease PAYE reporting requirements for small businesses, Steve Wade, employment tax director at KPMG in the UK, saidTue, 19 Mar 2013 10:35:05 GMTBudget 2013: Chancellor “walks a difficult tightrope” says KPMG head of tax policyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Budget-2013-Chancellor-walks-a-difficult-tightrope-says-KPMG-head-of-tax-policy.aspxChris Morgan, head of tax policy at KPMG in the UK, looks ahead to the UK Budget on 20 March 2013Thu, 14 Mar 2013 09:34:24 GMTBudget 2013: Good news in “short supply” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Budget-2013-Good-news-in-short-supply-says-KPMG-Chief-Economist.aspxLooking ahead to next week’s budget, Andrew Smith, Chief Economist at KPMG in the UK, said:Wed, 13 Mar 2013 16:16:36 GMTTax Journal Article - The challenges of multi-party litigation - February 2013http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/challenges-of-multi-party-litigation-feb-2013.aspxTax Journal Article 8 February 2013 - The challenges of multi-party litigation by KPMG in the UKThu, 23 May 2013 10:54:19 GMTAnnual Tax Competitiveness Survey 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-competitiveness-survey-2012.aspxThe UK is now the most attractive tax regime compared to key competitors, according to KPMG’s sixth Annual Survey of Tax CompetitivenessMon, 18 Feb 2013 08:36:47 GMTGovernment procurement contracts and taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Government-procurement-contracts-and-tax.aspxCommenting on today’s discussion document from HMRC, Jane McCormick, head of tax at KPMG in the UK, said:Thu, 14 Feb 2013 14:37:31 GMTEU Financial Transaction Tax - the impact on UK Insurershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/eu-financial-transaction-tax-impact-uk-insurers.aspxThis article discusses the impact the EU Financial Transactions Tax will have on UK insurersThu, 23 May 2013 10:56:02 GMTUS Tax Landscape - Legislative Update: The Future of Business Tax Reform in 2013 and Beyond http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/us-tax-landscape-legislative-update.aspxKPMG Briefing on US tax reform and how it might impact your business. The event will cover recent US tax developments in the European context as well as look at the realistic prospects for business tax reform.Wed, 06 Feb 2013 12:36:17 GMTFATCA Final Regulations Update: The impact on financial institutionshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/fatca-regulations-update-event.aspxThe Foreign Account Tax Compliance Act (FATCA) final regulations are (finally) out. We are delighted to invite you to a KPMG special briefing on their impact, changes from previous versions and what to do nowTue, 05 Feb 2013 09:11:06 GMTIntroducing automatic enrolment to employeeshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/introducing-auto-enrolment-employees.aspxA simple two minute animation created by KPMG's Pension Communications Team for companies who want to introduce their employees to the concept of auto-enrolment Mon, 11 Feb 2013 15:07:26 GMTPublic policy and taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Public-policy-and-tax.aspxKPMG in the UK has published a set of principles which govern the tax advice the firm provides to its clients. Thu, 31 Jan 2013 09:24:04 GMTConsultation on pensions 'smoothing' “disappointingly light on detail”http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/governmentconsultation-smoothing-assets-and-liabilities-pension-scheme-funding.aspxMike Smedley comments on the Government consultation paper on smoothing assets and liabilities in scheme funding valuationsMon, 18 Feb 2013 15:23:14 GMTA Feast of IGA Draft Documentation!http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/feast-of-iga-draft-documentation.aspxWe summarise the key changes to the draft US-UK intergovernmental agreement (IGA) published on 26th July 2012Tue, 28 May 2013 08:41:29 GMTKPMG global tax rate survey reveals rise in average worldwide indirect tax rates and slight decline in average corporate tax rateshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-global-tax-rate-survey.aspxThe average global indirect tax rate average increased by 0.17 percent to 15.50 percent during 2012, Tue, 15 Jan 2013 09:34:01 GMTKPMG Pensions issues update to asset-backed funding surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/update-to-asset-backed-funding-survey.aspxKPMG's third survey on asset-backed funding for pensions shows how the market has developed over the last three yearsWed, 19 Jun 2013 12:01:48 GMT2013 to be ‘bumper year’ for ‘Asset-backed’ pension fundinghttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/2013-set-to-be-a-bumper-year-for-Asset-backed-pension-funding-says-KPMG.aspxSeven asset-backed funding structures were implemented in 2012, with a total value of over £500m, according to KPMG’s research. Mon, 04 Feb 2013 13:32:11 GMTKPMG director receives OBEhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-director-receives-OBE-.aspxTeresa 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.Wed, 02 Jan 2013 15:29:16 GMTCFC Reform overviewhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/cfc-reform-overview.aspxThe UK Controlled Foreign Companies legislation has been reformed with the aim of making the UK tax system more competitive for multinational companies.Fri, 21 Dec 2012 13:37:45 GMTPremium limit for qualifying policieshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/premium-limit-for-qualifying-policies.aspxWe 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. Tue, 28 May 2013 09:04:40 GMTGains from contracts for life insurance – periods of non-residencehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/gains-contracts-life-insurance-non-residence.aspxThis article considers the draft Finance Bill 2013 provisions in respect of time apportioned gain reductions; summarising the key aspects of the proposals, issues and next steps.Tue, 28 May 2013 09:05:50 GMTRTI on annuity payments: Are you ready?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/rti-annuity-payments-are-you-ready.aspxThe PAYE Real Time Information requirements in relation to annuity payments by pensions providers are particularly challenging.Tue, 28 May 2013 09:02:10 GMTEmployee Benefit Trusts and HMRC’s ‘Settlement Opportunity’http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/ebt-hmrc-settlement-opportunity.aspxUsers of Employee Benefit Trusts (“EBTs”) have an opportunity to avoid litigation and settle with HMRC under their ‘Settlement Opportunity’. Consideration will be required to determine whether this is a sensible approach for the user.Tue, 28 May 2013 09:08:02 GMTCreative thinking to maximise the benefithttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/examples-creative-sector-tax-relief.aspxThe new creative sector tax relief paves the way for the UK further enhancing its skills, expertise and reputation in this field.Tue, 18 Dec 2012 09:27:46 GMTCorporation tax reliefs for the creative sectorhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/corporation-tax-reliefs-creative-sector.aspxThe new creative sector tax relief paves the way for the UK further enhancing its skills, expertise and reputation in this field.Wed, 17 Apr 2013 07:17:03 GMTFinance Bill confirms creative sector tax breakshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Finance-Bill-confirms-creative-sector-tax-breaks.aspxCommenting on the details of creative sector tax reliefs published today in the draft finance bill, Matthew Appleton, media tax specialist at KPMG in the UK, said:Tue, 11 Dec 2012 14:27:00 GMTTax Journal Article - International Briefing November 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-int-briefing-nov-2012.aspxTax Journal Article 30 November 2012 - International Briefing for November 2012 by KPMG in the UKTue, 28 May 2013 09:45:53 GMTAutumn Statement 2012: Banks hit again as levy riseshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/autumn-statement-2012-banks-hit-again-as-levy-rises.aspxThis is the fifth successive increase in the bank levy over three years – probably some kind of tax recordWed, 05 Dec 2012 13:36:39 GMTAutumn Statement 2012: SMEs hoping for tax incentives not tinkeringhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/autumn-statement-2012-smes-hoping-for-tax-incentives.aspxWhen the Chancellor stands up to deliver his Autumn Statement, the SME community will be hoping that he keeps any tinkering with the tax system to an absolute minimum.Tue, 04 Dec 2012 08:15:06 GMTUK Fiduciary Management Market grows by 40 percent in 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-Fiduciary-Management-Market-grows-by-40-percent-from-2011-to-2012-finds-KPMG-survey.aspxKPMG’s 2012 Fiduciary Management UK Market Survey finds the UK Fiduciary Management market growing at double digit paceMon, 10 Dec 2012 08:32:02 GMTProposed GAAR on tax “heralds new era of transparency”http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Proposed-General-Anti-Abuse-Rule-on-tax-heralds-new-era-of-transparency-says-KPMG.aspx60 percent of senior tax executives are in favour of a General Anti-Abuse Rule finds a KPMG survey.Mon, 10 Dec 2012 08:35:55 GMT“Another Autumn Statement, another downgrade”, says KPMG chief economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Another-Autumn-Statement-another-downgrade-says-KPMG-chief-economist.aspxCommenting ahead of the Autumn Statement which the Chancellor will deliver on 5 December, KPMG Chief Economist, Andrew Smith, said:Mon, 10 Dec 2012 09:38:13 GMTInfrastructure tax breaks “key to growth”, says KPMG surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Infrastructure-tax-breaks-key-to-growth-says-KPMG-survey.aspxTax incentives for capital investment in infrastructure are a key measure to drive growth among Britain’s biggest businessesMon, 10 Dec 2012 09:44:29 GMT“What shareholder spring?” asks KPMG’s 2012 Guide to Directors’ Remunerationhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/What-shareholder-spring-asks-KPMGs-2012-Guide-to-Directors-Remuneration.aspx2012’s “Shareholder spring” was something of an illusion, according to KPMG’s 2012 Guide to Directors’ RemunerationFri, 14 Dec 2012 09:23:13 GMTKPMG produces guide to Research and Development Incentives across Europe, the Middle East and Africahttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/emea-research-development-incentives-guide.aspxThe UK is one of only four regimes in countries surveyed to offer three types of R&D reliefs or incentives analysedThu, 15 Nov 2012 08:48:56 GMTLarge deficits will force more ‘pension zombies’ into insolvencyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-predicts-more-pension-zombies-will-become-insolvent-as-they-struggle-to-maintain-large-deficits.aspxThe latest deficit numbers for UK corporates indicate that exposure of the Pension Protection Fund to UK defined benefit scheme stood at £227bnMon, 10 Dec 2012 10:24:14 GMTCJEU decision in long-running “FII GLO” case deliveredhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Court-of-Justice-of-the-European-Union-decision-in-long-running-FII-GLO-case-delivered.aspxThe CJEU delivered its second judgment in the Franked Investment Income (“FII”) Group Litigation, finding for the taxpayer on all three key issuesMon, 10 Dec 2012 10:30:53 GMTRise in inflation in October is “hopefully just a blip” says KPMG economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Rise-in-inflation-in-October-is-hopefully-just-a-blip-says-KPMG-economist.aspxCommenting on the October inflation figures issued by the Office for National Statistics, KPMG Economist, Tom Hooper, saidTue, 13 Nov 2012 12:27:43 GMTEmployee Incentives Update – November 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/eiu-nov2012.aspxKPMG’s latest edition of the Employee Incentives Update looks at some of the main findings of KPMG’s Guide to Directors’ Remuneration 2012. Tue, 28 May 2013 09:52:02 GMTInterest rate decision November 2012: “MPC on hold until new year”, says KPMG chief economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Interest-rate-decision-November-2012-MPC-on-hold-until-new-year-says-KPMG-chief-economist.aspxCommenting on today’s decision from the Bank of England Monetary Policy Committee to maintain the Bank Rate at 0.5 percent and the size of the Asset Purchase Programme at £375 billion, KPMG Chief Economist, Andrew Smith, said:Thu, 08 Nov 2012 11:56:37 GMTQ3 GDP figures October 2012: “Not exactly a recession, but not exactly a recovery either” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Q3-GDP-figures-October-2012-Not-exactly-a-recession-but-not-exactly-a-recovery-either-says-KPMG-Chief-Economist.aspxCommenting on today’s preliminary third quarter UK GDP figures released by the Office of National Statistics, KPMG Chief Economist, Andrew Smith, saidThu, 25 Oct 2012 15:00:10 GMTAppeal Court win for taxpayer in FCE Bank group relief casehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/AppealCourtwinfortaxpayerinFCEBankgroupreliefcase.aspxEncouraging news for non-EU based groups seeking relief for EU lossesMon, 21 Jan 2013 16:59:53 GMTThe new slim-line FATCA regime for insurance companies?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/new-slim-line-fatca-regime-insurance.aspxKPMG discusses the UK specific Annex II of the Inter-Governmental Agreement (IGA) highlighting how the industry is now in a much improved place compared with when the proposed regulations were releasedTue, 28 May 2013 10:49:02 GMTEmployers need to weigh up the pros and cons of settling an Employee Benefit Trust, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Employers-need-to-weigh-up-the-pros-and-cons-of-settling-an-Employee-Benefit-Trust-says-KPMG.aspxHMRC’s “Settlement Opportunity” under which employers with Employee Benefit Trusts (“EBTs”) can pay the tax authority’s assessment of outstanding tax liabilities and unwind the arrangement without recourse to litigation may not suit all circumstancesThu, 11 Oct 2012 09:16:42 GMTTop personal income tax rates increase in 2012: KPMG International reportshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Top-personal-income-tax-rates-increase-in-2012-KPMG-International-reports.aspxThe 2011 holding pattern for personal income tax rates is now seeing a return to the 2010 trend of increasing rates with the global average top personal income tax rate going up by 0.3 percent, according to analysis by KPMG InternationalFri, 07 Dec 2012 11:27:43 GMTSolvency II tax - progress in an uncertain worldhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solvency-II-tax-progress-uncertain-world.aspxKPMG technical practices survey of market practices for Solvency II taxTue, 28 May 2013 10:46:25 GMTLife policies and non-residence - HMRC consultationhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/life-policies-non-residence-hmrc-consultation.aspxHMRC has published “Life Insurance – Time Apportioned Reductions”, which reviews relief on life policy chargeable event gains when non-residentTue, 28 May 2013 10:21:16 GMTCan you reduce your capital requirement by 22 percent in 2014?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/reduce-capital-requirement-in-2014.aspxIntroduction to the key tax impacts for Solvency IITue, 28 May 2013 10:47:44 GMTControlled Foreign Company (CFC) Reform: History of the policy developmenthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/controlled-foreign-company-cfc-reform-history.aspxSince 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.Tue, 28 May 2013 09:50:33 GMTMPC Interest Rate Decision October 2012: Policy on hold this month but not for long, says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-Interest-Rate-Decision-October-2012-Policy-on-hold-this-month-but-not-for-long-says-KPMG-Chief-Economist.aspxCommenting on today’s decision from the Bank of England to maintain the Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion, KPMG Chief Economist, Andrew Smith, saidThu, 04 Oct 2012 11:37:59 GMTKPMG appoints new director to lead new direct tax litigation practicehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-appoints-new-director-to-lead-new-direct-tax-litigation-practice.aspxMichael Anderson has been appointed as head of direct tax litigation at KPMG in the UK.Thu, 04 Oct 2012 09:25:46 GMTAuto-enrolment is here: what have the early experiences taught us?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/auto-enrolment-what-have-the-early-experiences-taught-us.aspxThis is the second WebEx on pensions auto-enrolment with guest speakers from the Pensions Regulator, the CIPD, and the Pensions Management Institute.Tue, 28 May 2013 10:17:21 GMTBiggest PAYE shake-up for 60 years loomshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Employers-set-to-receive-letters-from-HMRC-as-biggest-PAYE-shake-up-for-60-years-looms-says-KPMG.aspxAlmost all employers in the UK are set to receive a letter from the tax authorities next month outlining key changes to PAYE reportingMon, 18 Feb 2013 14:54:01 GMTUK’s tax competitiveness most improved among major economieshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UKs-tax-competitiveness-most-improved-among-major-economies-in-past-two-years-finds-KPMG-survey.aspxOver the past two years, the UK’s tax competitiveness has improved the most among major economies examined in a study conducted by KPMG International.Mon, 01 Oct 2012 09:57:07 GMTKPMG appoints new partner in its transfer pricing practicehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-appoints-new-partner-in-its-transfer-pricing-practice.aspxDrew Bailey has joined KPMG’s Birmingham office as a partner to lead KPMG’s Midlands transfer pricing practice. Mon, 24 Sep 2012 13:28:42 GMTFinance Company Regimehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/finance-company-regime.aspxThe Finance Company Regime within the new CFC rules gives UK based multinationals an opportunity to significantly reduce their tax rate.Thu, 23 May 2013 11:31:49 GMTTax Journal International briefing August 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-international-briefing-aug-2012.aspxTax Journal International briefing August 2012Thu, 23 May 2013 11:32:50 GMTTwo weeks until mandatory staff enrolment into company pension schemeshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Two-weeks-to-go-until-it-becomes-mandatory-to-enrol-staff-in-to-company-pension-schemes-reminds-KPMG.aspxFrom October 1st 2012, the UK’s largest employers must enrol all eligible UK employees into a qualifying pension schemeMon, 01 Oct 2012 12:39:35 GMTBusiness looks for Autumn growth boosthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Business-looks-for-Autumn-growth.aspxCommenting on today’s revised GDP figures, KPMG’s Chief Economist Andrew Smith saidFri, 24 Aug 2012 14:16:52 GMTTransfer Pricing yields £1bn for taxman as HMRC continues policinghttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/transfer-pricing-yields-1bn-for-taxman.aspxCommenting on today’s Transfer Pricing Statistics from HMRC, Andrew Hickman, Transfer Pricing partner at KPMG in the UK, saidMon, 01 Oct 2012 12:53:33 GMT“MPC sits on its hands but leaves door open for more policy measures,” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-sits-on-its-hands-but-leaves-door-open-for-more-policy-measures-says-KPMG-Chief-Economist.aspxCommenting on the minutes of the Bank of England’s Monetary Policy Committee’s August meeting released today, KPMG Chief Economist, Andrew Smith, saidWed, 15 Aug 2012 10:04:32 GMTJuly Inflation figures: “Unexpected jump likely to prove just a hiccup” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/July-Inflation-figures-Unexpected-jump-likely-to-prove-just-a-hiccup-says-KPMG-Chief-Economist.aspxCommenting on the UK’s July inflation figures released today, KPMG Chief Economist, Andrew Smith, saidTue, 14 Aug 2012 09:42:27 GMTMost businesses now planning for Real Time Information reporting but is it all thought and too little action?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Most-businesses-now-planning-for-Real-Time-Information-reporting-but-is-it-all-thought-and-too-little-action-asks-KPMG.aspx86% of businesses have started to plan for implementing Real Time Information reporting of payroll data to HMRC when it becomes mandatory in April 13Thu, 17 Jan 2013 09:51:40 GMTBank of England quarterly Inflation Report: “Another forecast, another downgrade – even zero growth could prove optimistic” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Bank-of-England-quarterly-Inflation-Report-KPMG-Chief-Economist.aspxCommenting on the Bank of England’s quarterly inflation report issued today, KPMG Chief Economist, Andrew Smith, saidWed, 08 Aug 2012 12:16:14 GMTIGA: Arrival of the low FATCA diet for life assurers?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/inter-governmental-agreement-low-factor-diet-life-assurers.aspxWe summarise the key changes to the draft US-UK intergovernmental agreement (IGA) published on 26th July 2012Tue, 28 May 2013 09:42:44 GMTEmployee Incentives Update July 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/employee-incentives-update–July-2012.aspxKPMG’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.Tue, 28 May 2013 10:51:42 GMTTax Journal - International briefing July 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-international-briefing-july-2012.aspxThere have been major changes announced in France and Denmark affecting multinationals, both influenced by the political landscape.Thu, 23 May 2013 11:37:42 GMTTechnology Start-upshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/technology-start-up.aspxIf you’re a start-up in the technology sector we can help you with the issues that you face on a daily basisFri, 03 Aug 2012 13:21:22 GMTQ2 GDP figures July 2012: “Plan B anybody?” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Q2-GDP-figures-July-2012-Plan-B-anybody-says-KPMG-Chief-Economist.aspxCommenting on today’s preliminary second quarter UK GDP figures released by the Office of National Statistics, KPMG Chief Economist, Andrew Smith, saidWed, 25 Jul 2012 10:07:30 GMTSmaller businesses risk missing out on valuable “Patent Box” 10 percent tax rate, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Smaller-businesses-risk-missing-out-on-valuable-Patent-Box-10-per-cent-tax-rate-says-KPMG.aspxSmaller businesses risk missing out on a valuable tax break because they fear that the financial and administrative cost of claiming will be prohibitively high, warns KPMG in the UK.Thu, 19 Jul 2012 08:11:44 GMTDWP missing opportunity with aggregator scheme for small pension transfershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/DWP-could-be-missing-a-major-opportunity-by-not-backing-aggregator-scheme-for-small-pension-pot-transfers-says-KPMG.aspxGurmukh Hayre, UK head of DC pensions at KPMG, comments on the Department of Work and Pension’s response to the consultation on small pension potsMon, 08 Oct 2012 10:01:38 GMTTax Journal article: International briefing for June 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-june-2012.aspxAt home the CFC and patent box legislation in the Finance Bill has now been agreed by the Committee with a number of amendments made to the former.Fri, 13 Jul 2012 08:13:48 GMTDelay to RTI unlikely despite recommendation of All-Party Parliamentary Taxation Grouphttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Delay-to-RTI-unlikely-despite-recommendation-of-All-Party-Parliamentary-Taxation-Group-says-KPMG.aspxCommenting on today’s white paper from the All-Party Parliamentary Taxation GroupWed, 16 Jan 2013 17:08:28 GMTJo Bateson of KPMG featured in Management Today’s ‘35 women under 35’ high fliers listhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Jo-Bateson-of-KPMG.aspxJo Bateson, tax director in KPMG’s Private Client Advisory practice, has been named in Management Today’s prestigious ‘35 women under 35’ list. Tue, 10 Jul 2012 08:45:40 GMTMPC Interest Rate Decision July 2012: More QE is a “no-brainer” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-Interest-Rate-Decision-July-2012-More-QE-is-a-no-brainer-says-KPMG-Chief-Economist.aspxCommenting on today’s decision from the Bank of England Monetary Policy Committee to maintain the Bank Rate at 0.5 percent and to increase the asset purchase programme by £50 billion to £375 billionThu, 05 Jul 2012 10:45:32 GMTCIPD and KPMG partner to launch online guide to pensions auto-enrolmenthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/CIPD-and-KPMG-partner-to-launch-online-guide-to-pensions-auto-enrolment.aspxCIPD and KPMG have come together to launch an online guide to auto-enrolment. Mon, 10 Sep 2012 11:52:57 GMTPensions Auto-enrolment WebEx July 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/pensions-auto-enrolment-webex-july-2012.aspxPensions 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.Thu, 04 Oct 2012 13:09:16 GMTMPC Minutes June 2012: “Nothing standing in the way of a resumption of QE” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-Minutes-June-2012-Nothing-standing-in-the-way-of-a-resumption-of-QE-says-KPMG-Chief-Economist.aspxCommenting on today’s Monetary Policy Committee minutes, KPMG Chief Economist, Andrew Smith, saidWed, 20 Jun 2012 11:50:55 GMTRTI: “Before looking at penalties for getting RTI wrong, look at the issues around getting it right,” says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/RTI“BeforelookingatpenaltiesforgettingRTIwrong,lookattheissuesaroundgettingitright,”saysKPMG.aspxCommenting on HMRC’s consultation document and associated press release issued today on compliance and penalties, Steve Wade, director and leader of the RTI project at KPMG in the UK, said:Thu, 14 Jun 2012 15:52:31 GMTProposed General Anti-Abuse Rule on tax brings more not less uncertainty on ‘reasonable tax planning’ vs ‘unacceptable tax avoidance’ says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Proposed-General-Anti-Abuse-Rule-on-tax.aspxTaxpayers entering into any planning at all will have a “sword of Damocles” hanging over their head, says KPMGTue, 12 Jun 2012 14:47:58 GMTMPC Interest Rate Decision June 2012: Lack of stimulus “surprising” says KPMG Chief Economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-Interest-Rate-Decision-June-2012-Lack-of-stimulus-“surprising”-says-KPMG-Chief-Economist.aspxCommenting on today’s decision from the Bank of England Monetary Policy Committee to maintain the Bank Rate at 0.5 percent and to maintain the asset purchase programme at £325 billion, KPMG Chief Economist, Andrew Smith, saidThu, 07 Jun 2012 11:41:29 GMTEurozone woes put £50bn on UK pension deficitshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/eurozone-woes-put-50bn-on-UK-pension-deficits.aspxFalling bond yields in May increase pension liabilities by £35bn and market falls wipe £15bn off pension scheme assetsWed, 24 Oct 2012 13:21:34 GMTGovernment change of heart on charity tax welcomed by KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Government-change-of-heart-on-charity-tax-welcomed-by-KPMG.aspxResponding to news today that the government no longer plans to limit tax relief on charitable donations, Chris Morgan, head of tax policy at KPMG in the UK, said:Thu, 31 May 2012 14:21:11 GMTRethink on VAT treatment of hot takeaway food and static caravans welcomed by KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Rethink-on-VAT-treatment-of-hot-takeaway-food-and-static-caravans-welcomed-by-KPMG.aspxResponding to news today that the government plans to amend the so-called “pasty-tax” and “caravan-tax” proposals, Chris Morgan, head of tax policy at KPMG in the UK, saidTue, 29 May 2012 11:38:14 GMTPensions in 2 minutes - how CAR can RE SOLVE pensions fundinghttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/re-solve-pension-funding.aspxPensions in 2 minutes - how CAR can RE SOLVE pensions fundingThu, 30 May 2013 08:21:10 GMTPensions in 2 minutes - how pensions can deliver a win-win situationhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/how-pensions-deliver-win-situation.aspxHow pensions can deliver a win-win situation.Fri, 25 May 2012 14:09:38 GMTEnhanced Transfer Valueshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/enhanced-transfer-values-august-2011.aspxEnhanced Transfer Values are now a mainstream tool for pension risk management, and quality appears to be rising in the face of regulatory concerns. Thu, 31 May 2012 14:21:14 GMTProposals to change tax rules for Personal Service Companies aimed at government departments could hit private sector employers, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/ProposalstochangetaxrulesforPersonalServiceCompaniesaimedatgovernmentdepartmentscouldhitprivatesectoremployers,saysKPMG.aspxCommenting on today’s consultation document on the taxation of controlling persons issued by HMRC and HM Treasury, tax partner and head of employment tax for KPMG in the UK, Jayne Vaughan said:Thu, 24 May 2012 13:52:30 GMTTaxpayers’ Supreme Court victory in long-running “FII GLO” tax case brings prospect of £5bn tax refunds from HM Treasury closerhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/taxpayers-supreme-court-victory.aspxTaxpayers in the Franked Investment income (“FII”) Group Litigation today won in the UK Supreme Court in the latest round of this long-running litigation. Thu, 24 May 2012 08:07:38 GMTCommunicating auto-enrolment change to employeeshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/communicating-change-to-employees.aspxAndrew Pearson discusses the difficulties of communicating auto-enrolment changes to employees.Mon, 04 Feb 2013 12:20:46 GMTMPC Interest rate decision May 2012: “A pause, but QE to resume sooner rather than later”, says KPMG chief economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-Interest-rate-decision-May-2012-“A-pause,-but-QE-to-resume-sooner-rather-than-later”,-says-KPMG-chief-economist.aspxCommenting on today’s decision from the Bank of England Monetary Policy Committee to maintain the Bank Rate at 0.5% and to maintain the asset purchase programme at £325 billion, KPMG Chief Economist, Andrew Smith, saidThu, 10 May 2012 10:47:41 GMTKPMG appoints David Ellis to head up its Reward Practicehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-appoints-David-Ellis-to-head-up-its-Reward-Practice.aspxKPMG has appointed David Ellis, formerly head of Human Capital at BDO, as a partner to lead its UK Reward Practice.Thu, 03 May 2012 09:47:12 GMTTax Journal article: International briefing for April 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-april-2012.aspxThere are a number of further examples this month of the growing theme around the globe of tax authorities increasing tax revenues, not by raising tax rates, but by broadening the tax base and clamping down on tax avoidance.Thu, 30 May 2013 08:25:38 GMTLDI asset inflows stagnate as record low yields deter use of LDI, despite strong returns from the asset class finds KPMG surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/LDI-asset-in-flows-stagnate-as-record-low-yields-deter-use-of-LDI,-despite-KPMG-survey.aspxLatest research issued by KPMG Investment Advisory shows UK Liability Driven Investment (LDI) assets under management have increased 28 percent Wed, 16 Jan 2013 18:21:33 GMTHMRC extend scope of “Senior Accounting Officer” tax systems sign-off rules, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/HMRCextendscopeof“SeniorAccountingOfficer”taxsystemssign-offrules,saysKPMG.aspxHMRC extending scope of “Senior Accounting Officer” rules to banks and insurance companiesTue, 01 May 2012 11:59:29 GMTClaims equalisation reserves following the introduction of Solvency IIhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/claims-equalisation-reserves-following-introduction-solvencyII.aspxKPMG in the UK’s insurance tax practice, considers the background behind claims equalisation reserves for general insurers and the forthcoming tax regime changes that will see these released with the introduction of Solvency II.Tue, 28 May 2013 10:25:48 GMTInsurance business transfers in the new life tax regimehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/insurance-business-transfers-new-life-tax-regime.aspxThe 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.Tue, 28 May 2013 10:41:29 GMTAre insurers maximising their research and development claims?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/insurers-maximising-research-development-claims.aspxCompanies with expenditure on qualifying R&D are eligible to claim tax benefits. Our experience is that insurance groups are often not making such claims, foregoing valuable tax savings or cash flow advantages.Tue, 28 May 2013 10:26:55 GMTFinance Bill 2012 – life tax impacts – the income minus expenses calculationhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Finance-Bill-2012-life-tax-impacts-income-minus-expenses-calculation.aspxConsideration of key commercial allocation and trade profit implications in relation to the new life tax regime income minus expenses calculation.Thu, 30 May 2013 08:50:50 GMTA giant step for the taxation of life assurers? Dealing with transition to the new life tax regime and its impact on reportinghttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/giant-step-taxation-life-assurers.aspxThe latest Finance Bill places the taxation of life assurers on an accounts basis and more into line with the majority of other companies.Tue, 28 May 2013 10:29:32 GMTPensions Regulator statement on pension scheme funding: “No olive branch” to employers or trustees says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pensions-Regulator-statement-on-pension-scheme-funding-“No-olive-branch”-to-employers-or-trustees-says-KPMG.aspxCommenting on the Pensions Regulator’s statement today on pension scheme funding, KPMG Pensions Partner, Mike Smedley, saidFri, 27 Apr 2012 10:48:04 GMTONS Q1 UK GDP Figures: “Double-dip - official, as current slump lasts longer than 1930s recession,” says KPMG chief economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/ONS-Q1-UK-GDP-Figures“-Double-dip-official,-as-current-slump-lasts-longer-than-1930s-recession,-”says-KPMG-chief-economist.aspxCommenting on the Office for National Statistics’ preliminary estimate of UK Gross Domestic Product in the first quarter of 2012, KPMG Chief Economist, Andrew Smith, said:Wed, 25 Apr 2012 08:36:36 GMTK-Trinity Automated Accounts Productionhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/automated-accounts-production.aspxKPMG has developed leading edge Accounts Production software (K-Trinity AP) which allows users to automate the production of accounts and iXBRL. Thu, 30 May 2013 08:56:02 GMTEmployee Incentives Update 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/employee-incentives-update-april-2012.aspxKPMG’s latest edition of the Employee Incentives Update includes an article on meeting the tax and regulatory challenges of operating share plans globally. Thu, 30 May 2013 08:56:56 GMTSenior Accounting Officers legislation - Are you compliant?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/sao-legislation-compliant.aspxSenior Accounting officers legislation - Are you compliant?Thu, 30 May 2013 09:09:45 GMTBusinesses falling short on VAT management practices, says KPMG surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Businesses-falling-short-on-VAT-management-practices,-says-KPMG-survey.aspxDespite the shift to indirect tax globally, a new survey released by KPMG International shows that, simply put, businesses are not keeping paceFri, 30 Mar 2012 13:11:01 GMTKPMG’s year end tax checklisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/kpmgs-year-end-tax-list.aspxAs 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...Fri, 15 Jun 2012 07:27:03 GMTChancellor's 2012 Budget – life assurance issueshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Chancellor's-2012-budget-life-assurance-issues.aspxWe have selected for comment the key changes that specifically relate to life assurers.Thu, 29 Mar 2012 07:56:37 GMTUK leads the way for business cost competitiveness in the mature marketshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-leads-the-way-for-business-cost-competitiveness-in-the-mature-markets.aspxThe UK has been ranked as the lowest cost destination in which to do business amongst established markets, according to research out this week by KPMG International.Mon, 06 Aug 2012 11:54:21 GMTBudget 2012: Personal service companies brought into sharper focushttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-personal-service-companies-brought-into-sharper-focus.aspxEmployment status is currently high on HMRC’s agenda. Employers should be aware of their obligations to ensure they correctly categorise employees and self employed individuals, says Matthew Hunnybun, Tax Partner at KPMG.Wed, 21 Mar 2012 17:39:34 GMTBudget 2012: KPMG comments on Carbon Reduction Commitment Schemehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-carbon-reduction-commitment-scheme.aspxToday’s announcement risks creating greater uncertainty amongst businesses, but in reality it’s nothing new, says Wielgus lead CRC advisor at KPMG.Wed, 21 Mar 2012 17:48:28 GMTBudget 2012: Will we become a nation of business owners?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-will-we-become-nation-of-business-owners.aspxThe Chancellor did help to create a more attractive and settled tax landscape for the SME sector with corporate tax rates falling faster than anticipated, says David Bywater, Tax Partner.Wed, 21 Mar 2012 16:53:50 GMTBudget 2012: A budget for family businesses?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-budget-family-businesses.aspxThe headline grabber was of course the reduction in the top rate of personal tax to 45% from April next year, says Gary Deans, UK Head of Family Business.Thu, 22 Mar 2012 14:03:47 GMTBudget 2012: Further changes to company car and fuel benefits lead employers to review fleets, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-company-car-fuel-benefits-review-fleets.aspxWithin the fine detail of the Budget, further updates were announced to the longstanding benefit of company cars and private fuel provision, says Matthew Hunnybun, Tax Partner at KPMG.Wed, 21 Mar 2012 16:49:57 GMTBudget 2012: Sunday trading fails to address lack of cash available to consumershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-sunday-trading-fails-to-address-lack-of-cash-available.aspxThe temporary relaxation to Sunday trading laws risks presenting more challenges than opportunities to businesses during the Olympics, says Helen Dickinson, Head of UK Retail at KPMG.Wed, 21 Mar 2012 16:38:01 GMTBudget 2012: 50 percent rate remains – for middle earners with childrenhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-50-percent-remains-middle-earners-children.aspxThe Chancellor removed the ‘cliff edge’ in withdrawing child benefit in today’s Budget - but smoothing its withdrawal for those with incomes over £50,000 has left some anomalies between single earning and multiple earning households, according to KPMG.Wed, 21 Mar 2012 16:35:30 GMTBudget 2012: SDLT crackdown won’t deter £20 million-plus homebuyers, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-sdlt-crackdown-will-not-deter-homebuyers.aspxThe so called ‘mansions tax’ is unlikely to have a huge impact beyond affecting price negotiations, says Gordon Keenay, deputy head of KPMG’s Stamp Taxes Group.Wed, 21 Mar 2012 16:10:44 GMTBudget 2012: Chancellor moves to open Britain for manufacturershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-chancellor-open-britain-manufacturers.aspxOne of the biggest challenges for manufacturers recently has been the availability of funds to sustain and drive their business, so the announcement of a £20 billion loan guarantee scheme is welcome news, says Stephen Cooper, partner at KPMG.Wed, 21 Mar 2012 15:39:10 GMTBudget 2012: Tax relief boost for creative industrieshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-tax-relief-boost-for-creative-industries.aspxLucy 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."Wed, 21 Mar 2012 15:07:27 GMTBudget 2012: Anti-avoidance uncertainty is cloud on the horizon for SMEshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-anti-avoidanc-uncertainty-cloud-on-horizon.aspxIn what was a broadly supportive Budget for the SME community in the UK, there could be a grey area around anti-avoidance measures, says David Bywater, Tax Partner at KPMG in the UK.Wed, 21 Mar 2012 15:09:08 GMTBudget 2012: Equity Reward increase is welcome says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-equity-reward-review-increase.aspxWe welcome the proposed increase of the individual limits for the tax-efficient Enterprise Management, says Matthew Hunnybun, Tax Partner at KPMG.Wed, 21 Mar 2012 16:04:15 GMTBudget 2012: Real Time Information - HMRC to consult on penaltieshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-hmrc-consult-penalties.aspxReal Time Information (“RTI”) payroll reporting is being phased in on a trial basis from April 2012, with all employers required to comply on a phased entry basis from April to October 2013.Wed, 21 Mar 2012 14:50:09 GMTBudget 2012: Boost for virtual city infrastructurehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-boost-virtual-city-infrastructure.aspxKru Desai, KPMG’s head of Local and Regional Government, comments on the Chancellor’s announcement that ten cities will receive investment in ultrafast broadband and wireless access.Wed, 21 Mar 2012 14:43:16 GMTBudget 2012: Final salary pension schemes pay the price for State pension improvementshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-final-salary-pension-schemes-state-improvements.aspxWhile today’s Budget was relatively quiet from a pensions point of view, there was nevertheless confirmation of more bad news for open final salary pension schemes.Wed, 21 Mar 2012 14:34:51 GMTBudget 2012: Setback for entrepreneurshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-entrepreneur-set-back.aspxThe Chancellor’s announcement on interest relief will come as a blow for some UK entrepreneurs, according to David Kilshaw, tax partner at KPMG.Wed, 21 Mar 2012 14:26:29 GMTBudget 2012: UK firmly open for R&D business say KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-uk-firmly-open-for-business.aspxThe Chancellor has confirmed his intention, as announced in the Autumn Statement, to introduce an Above the Line (“ATL”) Credit for qualifying Research & Development expenditure for large companies.Wed, 21 Mar 2012 14:04:00 GMTBudget 2012: Gambling – Treasury shortens odds on UK tax collectionhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-trehortens-odds-uk-tax-collection.aspxDavid Prestwich, Head of Tax for Transport and Leisure at KPMG says "At the moment most UK gambling spend is placed with offshore groups and the move to a consumption tax is a neat way of bringing that spend under the visibility of the UK treasury."Wed, 21 Mar 2012 13:59:09 GMTBudget 2012: SMEs – Chancellor lifts the moodhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-chancellor-lifts-the-mood.aspxMalcolm 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.Wed, 21 Mar 2012 13:51:54 GMTBudget 2012: General Anti-Avoidance Rule faces early testhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-anti-avoidance-rule-faces-early-test.aspxProtecting tax revenues by tackling artificial avoidance is clearly a priority for the government, says Chris Morgan, head of tax policy, at KPMG in the UK.Wed, 21 Mar 2012 16:33:20 GMTBudget 2012: Bank levy up for the fourth timehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-bank-levy-up-fourth-time.aspxCommenting on today’s announcement that the bank levy will increase from 0.088 % of banks’ balance sheets to 0.105%, Tom Aston, financial services tax partner at KPMG commented:Wed, 21 Mar 2012 16:28:00 GMTBudget 2012: Limited light relief offered for distressed UK businesseshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/budget-2012-limited-relief-uk-businesses.aspxToday’s Budget will both help and hinder distressed businesses in the UK, says Brian Green, Advisory Partner at KPMG.Wed, 21 Mar 2012 16:26:46 GMTBudget 2012: Hope for more airport capacity in South East, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/hope-more-airport-capacity-south-east.aspxDr. Ashley Steel, KPMG’s global chair for transport comments: “At long last pressure from business and lobby groups appears to be weakening the government’s previous resolve to oppose airport capacity in the South East.” Wed, 21 Mar 2012 16:26:04 GMTBudget 2012: Reduced chance of doom, slightly less gloom but certainly no boomhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/reduced-chance-doom-slightly-less-gloom.aspxStripping away the bells and whistles, this budget may appeal to some supply-side economists but is essentially neutral and has done nothing to fundamentally change the outlook.Wed, 21 Mar 2012 16:25:15 GMTHMRC announces online traders are its next targethttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/HMRC-announces-online-traders-are-its-next-target.aspxKPMG warns today that HMRC has launched a campaign targeting people who sell goods and services online for profit.Wed, 14 Mar 2012 14:39:16 GMTPractical implications of FATCA for UK insurershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/practical-implications-fatca-uk-insurers.aspxKPMG 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.Thu, 30 May 2013 09:21:09 GMT“Dynamic de-risking” is really “delayed de-risking”. It is often neither dynamic nor risk reducing, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/“Dynamic-de-risking”-is-really-“delayed-de-risking”-It-is-often-neither-dynamic-nor-risk-reducing,-says-KPMG.aspx“Wait and see” approach of many trustees to plan for de-risking when conditions improve does nothing to manage their risk today, according to KPMG paper, “Is delayed de-risking the right strategy? Seven things you should know.”Tue, 13 Mar 2012 10:25:04 GMTBudget investment tax breaks could provide small fillip to economyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Tax-breaks-for-investment-in-this-year’s-budget-could-provide-a-small-fillip-to-the-UK-economy,-says-KPMG.aspxMeasures in this month’s budget could make certain types of investment in UK businesses more attractive from a tax perspectiveThu, 10 Jan 2013 14:27:49 GMTTax Journal article: The CFC regime and intellectual propertyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-cfc-regime-intellectual-property.aspxThis article looks at the latest Controlled Foreign Company (CFC) proposals as they stood prior to 29 February 2012 and what they will mean for groups with intellectual property outside the UK.Thu, 30 May 2013 09:21:39 GMTTax Journal article: Reviewing Member State support for the FTThttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-reviewing-member-state-support-for-the-ftt-feb-2012.aspxSarah Lane reviews the level of government support in different EU Member States for the proposed EU Financial Transactions Tax (FTT).Thu, 30 May 2013 09:22:23 GMTTax Journal article: International briefing February 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-international-briefing-february-2012.aspxThis month developments in the US dominate with the publication of proposed FATCA regulations which include a new government-to-government reporting approach, and changes to financial contracts involving US equities. Thu, 30 May 2013 09:22:45 GMTAre your global insurance programmes tax compliant?http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/global-insurance-programmes-tax-compliant.aspxKPMG discuss the potential hidden exposures (VAT, Insurance Premium Tax and Transfer Pricing) for multinational insurance groups who have centrally purchased insurance cover for corporate group membersTue, 28 May 2013 10:22:36 GMT10 steps in to the new life tax regimehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/10-steps-new-life-tax-regime.aspxKPMG highlight ten practical steps to take to prepare for the new UK life tax regime starting 1.1.2013 with particular reference to systems issues.Tue, 28 May 2013 10:24:52 GMTSwallowing the FATCA operational challengehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Swallowing-FATCA-operational-challenge.aspxKPMG 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.Tue, 28 May 2013 10:23:41 GMTSenior Accounting Officer - The SAO Diamondhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/senior-accounting-officer-sao-diamond.aspxThe SAO Diamond is an assessment tool designed to provide a snapshot of the robustness of the existing tax framework within your company.Wed, 19 Jun 2013 11:42:01 GMTLong lease property funds to dominate in 2012, growing by at least £1bn says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Long-lease-property-funds-to-dominate-in-2012,-growing-by-at-least-£1bn-says-KPMG.aspx2012 is set to be the year in which “long lease” property funds go mainstream as pension funds look for certainty over future rental streams, according to KPMG in the UK.Wed, 29 Feb 2012 15:33:46 GMTTax in the Cloudhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-in-the-cloud.aspxBusiness models are evolving as companies worldwide respond to changes in technology and the rise of cloud computing.Thu, 30 May 2013 09:30:55 GMT“Gloves off” at HMRC as tax evasion task forces announcedhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/HMRC-new-tax-evasion-task-forces.aspxDerek Scott, director of Tax Investigations at KPMG, comments on HMRC's announcement of thirty new tax evasion task forcesMon, 10 Sep 2012 12:00:29 GMTPrivate Jet Ownershiphttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/private-jet-ownership.aspxDo you understand the tax costs?Tue, 28 May 2013 09:47:09 GMTUK-Swiss Agreement Client Briefing Sheethttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/UKSwissTaxAgreement.aspxA 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.Thu, 30 May 2013 09:34:19 GMTTax authorities reach for the Cloud for revenues, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Tax-authorities-reach-for-the-Cloud-for-revenues,-says-KPMG.aspxThe growth in the use of Cloud services to replace traditional IT service provision presents significant challenges to both taxpayers and tax authorities, according to KPMG in the UKWed, 22 Feb 2012 11:05:03 GMTDraft IRS rules could reduce FATCA costs by $10bn, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/draft-irs-rulesc-ould-reduce-fatca-costs-by-10bn.aspxAdrian Harkin, global FATCA leader at KPMG, responds to the proposed FATCA regulations issued yesterday by the US Internal Revenue Services (IRS) Thu, 09 Feb 2012 11:15:40 GMTUK Tax Disclosure Opportunities Reassurance and certaintyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/UK-Tax-Disclosure-Opportunities-Reassurance-and-certainty.aspxThe Liechtenstein Disclosure Facility (LDF) is a unique opportunity for UK residents to resolve historic tax issues with the UK tax authorities on beneficial terms, particularly in relation to inherited wealth.Thu, 30 May 2013 09:44:50 GMTEmployee Incentives Update – February 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/employee-incentives-update-february-2012.aspxKPMG’s latest edition of the Employee Incentives Update includes an overview of the new and amended long-term incentive plans put to shareholders by FTSE 350 companies in 2011.Thu, 30 May 2013 09:44:17 GMTTax Journal article: International briefing for January 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-international-briefing-january-2012.aspxAs we enter a new year, many tax authorities around the globe have been enacting new legislation or publishing fresh proposals. Chris Morgan rounds up the latest developments in the international corporate tax arena.Thu, 30 May 2013 09:39:12 GMTKPMG reviews levels of government support in Member States for the European Commission’s proposal for a Financial Transactions Taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-reviews-levels-of-government-support-in-Member-States.aspxThe European Commission’s proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28, 2011. Fri, 03 Feb 2012 16:08:49 GMTSalary Sacrifice post Reed Employment Casehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/salary-sacrifice-post-reed-employment-case.aspxReed Employment case, Reed Employment plc v The Commissioners for HM Revenue and Customs, salary sacrifice schemes, salary sacrifice arrangements, KPMG employment issues, KPMG employment taxThu, 30 May 2013 09:47:15 GMTNew appointments to KPMG’s UK transfer pricing teamhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/New-appointments-to-KPMG’s-UK-transfer-pricing-team.aspxKPMG has appointed Matt Whipp, formerly Head of Business Risk and Transfer Pricing at Diageo plc, as a Director in its UK Transfer Pricing practice. Tue, 24 Jan 2012 10:41:01 GMTThe hidden cost of delayed FATCA regulationshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/fatca-another-day-another-dollar.aspxThe 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.Fri, 27 Jan 2012 10:34:44 GMTWith new penalties coming in, missing the self-assessment deadline could be very expensive, warns KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/missing-the-self-assessment-deadline-could-be-very-expensive,-warns-KPMG.aspxWith HMRC bringing in new penalties for late submission of self-assessment tax returns, missing the deadline could prove very expensive, warns KPMG in the UK.Thu, 12 Jan 2012 12:27:31 GMTPensions Audit and Assurance Survey - December 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Pensions-Audit-Assurance-Survey-Dec-11.aspxHalf 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.Mon, 06 Feb 2012 13:56:25 GMTHalf of pension schemes believe that their accounts should report liabilities as well as assets, says KPMG surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Half-pension-schemes-believe-accounts-should-report-liabilities.aspxHalf of pension schemes believe their pension liabilities should form part of their annual accounts and be subject to audit, according to a KPMG surveyFri, 13 Jan 2012 12:55:32 GMTKPMG strengthens senior DC pensions advisory teamhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-strengthens-senior-DC-pensions-advisory-team.aspxKPMG has strengthened its specialist defined contributions (“DC”) pensions advisory team, with the appointment of Andy Seed as a director. Fri, 06 Jan 2012 10:40:43 GMTTax Journal article: 2011 review International corporatehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-2011-review-international-corporate.aspxThis article looks at five of the more important developments in international corporate tax in 2011.Thu, 02 Feb 2012 10:54:18 GMTThe Converged Lifestyle - Consumers and Convergence 5http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/the-converged-lifestyle-consumers-and-convergence-5.aspxThis survey provides a truly comprehensive global consumer perspective on how consumers are using technology, with 9,600 respondents from 31 countries.Wed, 01 Feb 2012 15:42:02 GMTHMRC is focusing on the UK's wealthiest taxpayershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/hmrc-is-focusing-on-the-uks-wealthiest-tax-payers.aspxThe announcement of the "recruitment" of 2,000 tax officers to investigate the tax affairs of the wealthiest people in the UK is an early warning signal that should not be ignored.Thu, 13 Jun 2013 11:02:25 GMTTax Journal article - ECJ National Grid Indus casehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-journal-article-ecj-national-grid-indus-case.aspxOn 29 November 2011, the Court of the European Union (ECJ) published its decision in the National Grid Indus case (Case C-371/10).Mon, 06 Feb 2012 13:52:21 GMTTechnical Practices Survey 2011: Tax related findingshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/technical-practices-survey-2011-tax-related-findings.aspxTax results from KPMG's Technical Practices Survey of the UK life assurance business.Mon, 26 Nov 2012 11:55:22 GMTKPMG’s five key tax issues for businesses to consider before year endhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG’s-five-key-tax-issues-for-businesses-to-consider-before-year-end.aspxChristine Hewson, tax partner at KPMG in the UK, outlines 5 key tax issues that all groups should have considered prior to year endThu, 29 Dec 2011 12:44:45 GMTKPMG reports FY11 revenues of US$22.7 billionhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-reports-FY11-revenues-227bn.aspxKPMG today announced member firm combined revenues totaling $22.7 billion for the fiscal year ending September 30, 2011Mon, 12 Dec 2011 09:40:24 GMTKPMG welcomes delay to residence testhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-welcomes-delay-to-residence-test.aspxHM Treasury has delays the implementation of a new statutory residence test until April 2013 – a year later than the original proposal of April 2012Wed, 16 Jan 2013 18:09:32 GMTChris Morgan appointed head of tax policy at KPMG in the UKhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Chris-Morgan-appointed-head-of-tax-policy-at-KPMG-in-the-UK.aspxChris Morgan has been appointed head of tax policy at KPMG in the UK, taking over from Anneli Collins who is now global head of M&A tax for KPMG in the UK.Fri, 25 Nov 2011 10:56:57 GMTUK is “open for business” on corporate tax, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-is-“open-for-business”-on-corporate-tax,-says-KPMG.aspxThe UK’s corporate tax competitiveness appears to have finally turned a corner, according to research commissioned by KPMG in the UK.Fri, 25 Nov 2011 10:22:00 GMTUK Tax Competitiveness Report 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/UK-Tax-Competitiveness-Report-2011.aspxThe UK’s corporate tax competitiveness appears to have finally turned a corner, according to research commissioned by KPMG in the UK. Fri, 03 Feb 2012 15:03:29 GMTGAAR report publishedhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/general-anti-avoidance-rule-report-published.aspxOn 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.Tue, 22 Nov 2011 14:33:01 GMTUK Fiduciary Management Market now comprises 4 percent (£40bn) of UK pension scheme assets, finds KPMG surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/uk-fiduciary-management-market-worth-40bn.aspxOver the past 5 years, the UK Fiduciary Management market has grown to now comprise over £40bn of assets, covering over 200 pension scheme mandates, and equating to around 4 percent of the total UK pension scheme assets under management.Mon, 21 Nov 2011 15:36:40 GMT2011 KPMG Fiduciary Management UK Market Surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/2011-fiduciary-management-survey.aspx2011 KPMG Fiduciary Management UK Market SurveyThu, 24 Nov 2011 10:23:49 GMTGeneral Anti-avoidance Rule on tax: “a welcome approach but very much work in progress”, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/gaar-tax-rule-welcome-but-work-in-progress.aspxChris Morgan, tax partner at KPMG in the UK, comments on HM Treasurys recommendation for the introduction of a General Anti Avoidance Rule (GAAR) Mon, 21 Nov 2011 14:38:42 GMTAnalysis International briefing for November 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/analysis-International-briefing-november-2011.aspxOnce again EU issues dominate the headlines. The Court of Appeal has published its decision in the latest instalment of the long running Marks & Spencer cross-border group relief case.Mon, 06 Feb 2012 14:25:12 GMTGlobal rebalancing of corporate versus indirect tax continueshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Global-rebalancing-of-corporate-versus-indirect-tax-continues-KPMG-International-Survey-shows.aspxGlobal rebalancing of corporate versus indirect tax continuesWed, 16 Jan 2013 17:51:49 GMTKPMG's Guide to Directors' Remuneration 2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/KPMGs-guide-to-directors-remuneration.aspxOur survey examines market practice in relation to executive and non-exec pay in FTSE 350 companies over the past 12 monthsTue, 28 May 2013 08:59:20 GMTEmployee Incentives Update November 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Employee-incentives-update-november-2011.aspxThis 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.Tue, 14 Feb 2012 16:05:17 GMTAsset-backed funding for pensionshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Asset-backed-funding-for-pensions.aspxKPMG has released the second survey on asset-backed funding for pensions.Mon, 10 Sep 2012 12:20:35 GMTProperty authorised investment fundshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/property-authorised-investment-funds.aspxThe introduction of the UK Property Authorised Investment Fund ("PAIF") tax regime in 2008 was a welcome addition to the UK funds landscape.Tue, 14 Feb 2012 16:02:17 GMTAnalysis: Updates to HMRC’s International Manualhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/updates-HMRC-international-manual.aspxWithin the past month HMRC has released a number of updates to its International ManualThu, 10 Jan 2013 12:54:50 GMTEuro Tax Flash Issue 170http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/euro-tax-flash-issue-170.aspxEuro Tax Flash Issue 170 - 24 October 2011 ECJ Commission v Germany case - decision Tue, 14 Feb 2012 16:02:59 GMTAsset-backed pensions contributions could top £10bn in five yearshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/asset-backed-pension-contributions-could-top-10bn-in-five-years.aspxAsset-backed financing for pension schemes (where a sponsoring employer uses business assets to generate cash which is then paid to the pension scheme) continues to growThu, 30 Aug 2012 13:19:12 GMTMarks and Spencer Court of Appeal Decision 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/marks-and-spencer-court-of-appeal-decision-2011.aspxOn 14 October 2011, the Court of Appeal published its decision in the Marks & Spencer (M&S) case.Tue, 14 Feb 2012 16:01:44 GMTGaines-Cooper appeal decision unwelcome news for many disputing residencehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Supreme-Court-dismisses-appeal-in-the-Gaines-Cooper-tax-residency-case.aspxKPMG's Mike Walker comments on the judgment from the Supreme Court on the long-running “Gaines-Cooper” tax residence caseThu, 10 Jan 2013 14:36:53 GMTSolving tax for Solvency IIhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/solving-tax-for-solvency-ii.aspxThe 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. Thu, 29 Mar 2012 08:09:00 GMTFull steam astern - tonnage taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/full-steam-astern-tonnage-tax.aspxOn 12 October 2011 HM Revenue & Customs (HMRC) published important updates to the Tonnage Tax Manual.Wed, 15 Feb 2012 14:30:57 GMTAnalysis International Briefing for October 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/analysis-international-briefing-october-2011.aspxThe 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. Thu, 16 Feb 2012 10:15:32 GMTEuro Tax Flash 14 October 2011 - ECJ Commission v Portugal case – decisionhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/ecj-commission-portugal-case-decision.aspxOn October 6, 2011, the European Court of Justice (“ECJ”) rendered its judgment in the Commission v Portugal case (C-493/09). Wed, 15 Feb 2012 14:39:17 GMTPensioners should consider Pension Increase Exchange offers carefully, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/pensioners-should-consider-pension-increase-exchange-offers-carefully.aspxIncreasing numbers of pensioners are receiving offers from their previous employer to change the form of their pension...Fri, 14 Oct 2011 15:28:00 GMTNew partner, Jon Exley, joins KPMG Investment Advisoryhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/New-partner,-Jon-Exley,-joins-KPMG-Investment-Advisory.aspxJon Exley, previously a partner within Mercer’s specialist Financial Strategy Group, is to join the Investment Advisory practice at KPMG in the UK as a partner in November this year. Mon, 10 Oct 2011 10:28:50 GMTUK-Swiss tax agreement increases pressure on Swiss banks, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-Swiss-tax-agreement=increases-pressure-on-Swiss-banks,-says-KPMG.aspxCommenting on the significant tax agreement signed yesterday between Switzerland and the UK, Paul Harrison, tax partner and head of tax investigations at KPMG in the UK, said:Fri, 07 Oct 2011 09:46:01 GMTPensions Repayment Monitor 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/pensions-repayment-monitor-2011.aspxFTSE 100 Pension Deficits more affordable as earnings improve but companies need to ensure they are capturing full value from their contributionsWed, 05 Oct 2011 12:46:43 GMTPensions Auto Enrolment: one year to gohttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pensions-Auto-Enrolment-one-year-to-go.aspxWith just a year to go before auto enrolment becomes compulsory for large employers, KPMG is warning that businesses that have not already begun to plan for this major change need to take action fastFri, 30 Sep 2011 10:02:42 GMTEuropean Tax Flash 168 - Financial Transactions Taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/european-tax-flash-168-sep-28.aspxOn September 28, 2011, the European Commission published a draft directive that would introduce an EU wide financial transaction tax (FTT). Thu, 29 Sep 2011 08:34:44 GMTKPMG Global Tax Survey: UK 4th highest in the EUhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-Global-Tax-Survey-UK-4th-highest-in-the-EU.aspxThe UK has the 4th highest top rate of personal income tax in the EU, according to the latest KPMG International Individual Income Tax and Social Security Rate Survey.Thu, 29 Sep 2011 07:34:18 GMTThe UK as a holding company locationhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/uk-holding-company-location.aspxThe 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.Mon, 06 Aug 2012 09:01:04 GMTFTSE 100 Pension Deficits more affordable as earnings improve but companies need to ensure they are capturing full value from their contributions, according to KPMG’s 2011 Pensions Repayment Monitorhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG’s-2011-Pensions-Repayment-Monitor.aspxDespite recent market volatility almost doubling UK FTSE 100 pension deficits to bring them to approximately £70 billion, the outlook for FTSE 100 companies on pensions is broadly positive, according to KPMG’s 2011 Pensions Repayment MonitorWed, 05 Oct 2011 12:49:40 GMTKPMG wins “Accountancy Firm of the Year” for the second time in three years at the STEP Private Client Awardshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-wins-“Accountancy-Firm-of-the-Year”-for-the-second-time-in-three-years-at-the-STEP-Private-Client-Awards.aspxThe Private Client practice at KPMG in the UK has won “Accountancy Firm of the Year” at the prestigious STEP (Society of Trust and Estate Practitioners’) Awards held on 15 SeptemberMon, 26 Sep 2011 08:52:25 GMTPatent Boxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/patent-box.aspxThe Patent Box gives companies that are holding patents and using them in their business the opportunity to signifi cantly reduce their UK tax burden.Tue, 28 May 2013 08:56:03 GMTETF 166 ECJ National Grid Indus Casehttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/euro-tax-flash-166-ecj-national-grid-industry-case.aspxDutch exit tax – taxation of unrealized foreign exchange gains – freedom of establishment – balanced allocation of taxing rights – cohesion of tax system.Tue, 20 Sep 2011 13:47:42 GMTEFT 165 - Dutch WHT repayment to third country investorshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/euro-tax-flash-165-dutch-wht-repayment-to-third-country-investor.aspxNotification has been received from the Dutch tax authorities, agreeing to repay withholding tax suffered by a non-EU/EEA resident portfolio investor, a KPMG client.Tue, 20 Sep 2011 13:23:28 GMTKPMG’S Transfer Pricing Club Event Libraryhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/transfer-pricing-club-event-library.aspxSee a library of past events held by KPMG’s Transfer Pricing Club and request related session materials.Thu, 13 Jun 2013 12:57:48 GMTUK / Swiss tax agreement – “Tax evaders need to wake up and smell the coffee” says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/UK-Swiss-tax-agreement.aspxPaul Harrison, Tax Partner and Head of Tax investigations at KPMG in the UK comments on the agreement between the UK and Swiss tax authorities:Thu, 25 Aug 2011 13:30:10 GMT“Enhanced Transfer Values” become mainstream for pension scheme derisking, says KPMG surveyhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Enhanced-Transfer-Values-become-mainstream-for-pension-scheme-derisking,-says-KPMG-survey.aspx“Enhanced Transfer Value” (or “ETV”) exercises* have grown increasingly common as a tool for employers to manage their pension risks and their use is set to increase, according to a survey by the Pensions Team at KPMG in the UK.Wed, 17 Aug 2011 08:26:12 GMTControlled Foreign Company (CFC) Reformhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/controlled-foreign-company-cfc-reform.aspxSince 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.Tue, 28 May 2013 09:02:50 GMTThree providers manage over 80% of assets in LDI markethttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-LDI-Survey.aspxUK pension funds are choosing to spread their liability matching assets across a very small number of fund managers.Thu, 30 Aug 2012 13:04:36 GMTUS non-doms can set their £30,000 remittance against US taxhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/IRS-rules-that-US-non-doms-can-set-their-30000-remittance-against-their-US-tax-bill.aspxThe IRS has issued a Revenue Ruling confirming that US taxpayers can claim credit for the remittance basis chargeMon, 08 Oct 2012 09:15:49 GMTPrivate Client Compliance: things which could affect your pocket!http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/private-client-compliance.aspxHM Revenue & Customs have introduced a number of measures which could have a significant financial impact on you if your tax return is late or incorrect.Mon, 06 Feb 2012 13:49:02 GMTTax Services for Corporate Occupiershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/tax-services-corporate-occupiers.aspxThere 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.Fri, 16 Sep 2011 09:06:07 GMTMed Hotels appeal win: a “key decision” for the travel sector, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Med-Hotels-appeal-win-a-“key-decision”-for-the-travel-sector,-says-KPMG.aspxMed Hotels appeal win: a “key decision” for the travel sector, says KPMGMon, 01 Aug 2011 11:02:15 GMTEuro Tax Flash 26 July 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/euro-tax-flash-26-july-2011.aspxOn July 21, 2011, the European Court of Justice ("ECJ") rendered its judgment in the Scheuten Solar Technology case (C-397/09).Mon, 06 Feb 2012 13:50:02 GMTEuro Tax Flash 20 July 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/euro-tax-flash-20-july-2011.aspxGerman tax credit on EU dividends – requirement and form of corporate tax certificate in order to be able to claim German tax credit.Wed, 27 Jul 2011 10:54:46 GMTPensions buy-ins reach record £3 billion levelhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pensions-buy-ins-reach-£3bnl.aspxFavourable pricing conditions, increasing affordability and a fear that looming “Solvency II” regulations may make buy-ins more difficultThu, 17 Jan 2013 11:17:11 GMTM&A Tax Matters Issue 78 July 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/ma-tax-matters-issue-78-july-2011.aspxThis 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. Tue, 12 Jul 2011 12:48:27 GMTCFC reform proposals – “largely successful in striking a difficult balance” but risk UK’s attractiveness, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/CFC-reform-proposals.aspxHM Treasury’s proposals on reforming the ‘Controlled Foreign Companies’ regime issued today are largely successful in striking the very difficult balance between delivering a more competitive tax systemTue, 19 Jul 2011 11:21:43 GMTKPMG forms new Financial Services Transfer Pricing and Indirect Tax teamhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-forms-new-Financial-Services-Transfer-Pricing-and-Indirect-Tax-team.aspxThe new Financial Services Transfer Pricing and Indirect Tax team comprises around 50 people drawn from KPMG’s existing transfer pricing and indirect tax teams in the UK. Mon, 20 Jun 2011 10:13:10 GMTProposed statutory rule on residence and proposed reforms to non-dom tax rules, broadly positive but a few issues remain, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Proposed-statutory-rule-on-residence-and-proposed-reforms-to-non-dom-tax-rules.aspxHM Treasury has today published consultation documents on a new statutory residence test and proposed reforms to the taxation of non-UK domiciled individuals Fri, 17 Jun 2011 12:43:43 GMTPatent Box Consultationhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/PatentBoxConsultation.aspxA 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.Mon, 06 Feb 2012 13:48:55 GMTPensions accounting standard will increase transparency but also reduce UK plc reported profits by £10bnhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Pensions-accounting-standard.aspxToday the International Accounting Standards Board (IASB) issued its long awaited revised pensions accounting standard IAS 19 Employee Benefits. Thu, 16 Jun 2011 14:59:50 GMTResolving tax disputeshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/Resolvingtaxdisputes.aspxThe 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.Mon, 06 Feb 2012 13:48:04 GMTPatent box consultation “very positive” for affected businesses, but some, notably the software industry, will be disappointedhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/Patent-box-consultation-“verypositive”-for-affected-businesses.aspxPatent box consultation “very positive” for affected businesses, but some, notably the software industry, will be disappointedMon, 13 Jun 2011 12:29:51 GMTMPC interest rate decision June 2011: Decision to hold means rate rise this year is unlikely, says KPMG chief economisthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/MPC-interest-rate-decision-June-2011.aspxMPC interest rate decision June 2011: Decision to hold means rate rise this year is unlikelyThu, 09 Jun 2011 10:29:44 GMTEmployee incentives update May 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/disguised-remuneration-share-plans.aspxHM 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.Thu, 23 Jun 2011 08:51:43 GMTKPMG appoints David O’Hara to lead its Scottish Investment Advisory teamhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/KPMG-appoints-David-O’Hara.aspxKPMG in the UK has appointed David O’Hara from Hymans Robertson as a Principal Investment Consultant to lead its newly established Scottish Investment Advisory teamMon, 06 Jun 2011 11:45:52 GMTKPMG reveals the top ten errors in occupational pension scheme member recordshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/top-ten-errors-in-occupational-pension-scheme-member-records.aspxUsing its KLean data quality tool, KPMG has analysed over 100,000 occupational pension scheme member record to reveal some worrying findings.Fri, 03 Jun 2011 09:24:56 GMTChanges to French tax rules set to hit Britons with homes in France, says KPMGhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/French-tax-rules-hit-Brtions.aspxUK residents owning property in France are likely to see an increase in the French taxes they pay from 1 January 2012, according to KPMG in the UK as a result of two key changes. Mon, 23 May 2011 12:15:46 GMTPensions Accounting Survey 2011http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/pensions-accounting-survey-2011-report.aspxKPMG'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.Mon, 06 Feb 2012 13:49:56 GMTKPMG’s 2011 Pensions Accounting Survey paints a rosier picture for UK pensions as deficits reduce by around £75bn, giving opportunities for some to de-riskhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/NewsReleases/Pages/pensions-accounting-survey-2011.aspxKPMG’s Pensions Accounting Survey 2011 reveals a more positive picture emerging on pensions for UK companies than has been seen in previous years.Thu, 09 Jun 2011 13:09:29 GMTM&A Tax Mattershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MATaxMatters.aspxM&A Tax Matters focuses on topical issues impacting transactions. Read the latest editionMon, 17 Jun 2013 11:26:42 GMTDisguised Remunerationhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/DisguisedRemuneration.aspxA number of companies use employee sub-trusts – sometimes called ‘family benefit trusts’ – for the purposes of operating their share plans. Mon, 12 Nov 2012 11:05:24 GMTPersonal Perspectiveshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/PersonalPerspectives.aspxPersonal Perspectives covers a variety of contemporary points relevant to Private ClientsThu, 13 Jun 2013 13:42:21 GMTWeekly Tax Mattershttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/WeeklyTaxMatters.aspxRead 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. Fri, 14 Jun 2013 13:11:31 GMTWeekly Tax Matters 8 March 2010http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/WeeklyTaxMatters8March2010.aspxA weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.Tue, 27 Sep 2011 14:15:31 GMTWeekly Tax Matters 29 March 2010http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/WeeklyTaxMatters29March2010.aspxA weekly newsletter which covers the latest issuess in taxation and government announcements relating to tax matters.Tue, 27 Sep 2011 14:16:47 GMTVAT Alert - VIC GLO - Compound Interesthttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/VATAlert-VICGLO-CompoundInterest.aspxOn 25 March 2010, the Court of Appeal released its Judgment in the VIC GLO compound interest litigation. TheTue, 27 Sep 2011 14:18:09 GMTWeekly Tax Matters 26 April 2010http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/WeeklyTaxMatters26April2010.aspxA weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.Tue, 27 Sep 2011 14:17:23 GMTMandatory filing of company accounts in an iXBRL formathttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MandatoryfilingofcompanyaccountsinaniXBRLformat.aspxFollowing KPMG's March 2010 online briefing on 'Mandatory filing of company accounts in an iXBRL format', KPMG have compiled a Q&A document to answer all the questions you may have on iXBRL.Tue, 27 Sep 2011 14:34:37 GMTWeekly Tax Matters 4 May 2010http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/WeeklyTaxMatters4May2010.aspxA weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.Tue, 27 Sep 2011 14:16:11 GMTThe Capital Gains Tax Changeshttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/TheCapitalGainsTaxChanges.aspxThe Budget of 22 June must be one of the most speculated about in recent history. In no other area is this moreTue, 27 Sep 2011 14:27:49 GMTM&A Tax Matters - Issue 76http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/MATaxMatters-Issue74.aspxIssue 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?; Tue, 27 Sep 2011 09:08:12 GMTP11D Submission Deadline 6th July 2011/2012http://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/P11DSubmissionDeadline6thJuly20102011.aspxWelcome 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. Mon, 25 Jun 2012 07:49:45 GMTSenior Accounting Officer sign-off and accountabilityhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/SeniorAccountingOfficerSignoffandAccountability.aspxNew Senior Accounting Officers (SAO) rules mean that SAOs of qualifying companies have personal responsibility to ensure that the company (and its subsidiaries) Mon, 11 Jun 2012 13:19:43 GMTEmployers' Clubhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/EmployersClub.aspxKPMG's Employers' Club has been designed to help employers stay at the forefront of the latest developments in employment tax risk and reward. Tue, 28 May 2013 10:11:12 GMTKPMG’s Transfer Pricing Clubhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/TransferPricingClub.aspxKPMG's Transfer Pricing Club is a quarterly discursive forum held at our Salisbury Square office in LondonThu, 13 Jun 2013 13:03:07 GMTTax Disputes Resolutionhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/TaxDisputesResolution.aspxWe enable clients to unlock value tied-up in unresolved tax issues during a time of increased pressure on tax receiptsFri, 01 Mar 2013 12:45:46 GMTFranked Investment Income Group Litigation - Court of Appeal decisionhttp://www.kpmg.com/UK/en/IssuesAndInsights/ArticlesPublications/Pages/FrankedInvestmentIncomeGroupLitigation-CourtofAppealdecision.aspxThe Court of Appeal hearing in the Franked Investment Group Litigation (FII GLO) case was held between 5 and 15 October 2009 and, on 23 February 2010Wed, 07 Sep 2011 13:39:06 GMT