Charities to lose out after Osborne’s tax relief raid April 10, 2012 CHARITIES and tax lawyers attacked George Osborne’s plans to limit tax relief on donations yesterday, calling the move “heavy handed” and “perverse.” Relief will be limited to the income tax paid on the first £50,000 of a donor’s earnings or 25 per cent of their income, reducing incentives to give to charities. “As a result [...]
Charities to lose out after Osborne’s tax relief raid April 10, 2012 CHARITIES and tax lawyers attacked George Osborne’s plans to limit tax relief on donations yesterday, calling the move “heavy handed” and “perverse.” Relief will be limited to the income tax paid on the first £50,000 of a donor’s earnings or 25 per cent of their income, reducing incentives to give to charities. “As a result [...]
CITY MOVES | WHO’S SWITCHING JOBS March 1, 2012 Hanson Green The board level search firm has appointed two new directors. Graham Jones and Abdul Bhanji are founder members of The Inzito Partnership, an executive search firm founded in 2009 by partners from Blackwood Group, PwC and Whitehead Mann. Before moving into recruitment, Jones worked at IBM and PwC, where he specialised in technology, [...]
Simon Collins wins vote for KPMG chair March 12, 2012 KPMG’s new UK chairman elect Simon Collins yesterday vowed to put his firm at the centre of the debate on how to win back trust in the financial services sector, as he celebrated his election victory against two better known rivals Oliver Tant and Alan Buckle. Collins, who is currently global head of KPMG’s transactions [...]
Simon Collins wins vote for KPMG chair March 12, 2012 KPMG’s new UK chairman elect Simon Collins yesterday vowed to put his firm at the centre of the debate on how to win back trust in the financial services sector, as he celebrated his election victory against two better known rivals Oliver Tant and Alan Buckle. Collins, who is currently global head of KPMG’s transactions [...]
PROFILE: CHRIS ROGERS TO STEER COFFEE CHAIN’S EXPANSION April 4, 2012 CHRIS ROGERS, who was named as Costa’s incoming managing director yesterday, joined the leisure group in 2005 after a stellar 17-year career in the retail sector. Rogers qualified as a chartered accountant with PwC and joined DIY firm Kingfisher in 1988 as a corporate finance manager, spending a total of 13 years at the company [...]
£67,700,000,000: The amount of tax paid by Britain’s top 100 companies last year February 27, 2012 THE TAXMAN took an extra £8.3bn from top UK companies in the last fiscal year, with big firms contributing 14 per cent more compared to the previous year. In total, the so-called Hundred Group of businesses paid an eye-watering £67.7bn in tax in the year to March 2011, according to data released by PwC this [...]
Game over as group calls in administrator March 21, 2012 GAME Group is set to go into administration after the crisis-hit retailer admitted talks with stakeholders had stalled and that equity in the group was worthless. The video games retailer, which employs 10,000 staff, requested that its shares be suspended from trading on the London Stock Exchange yesterday before filing its intention to appoint an [...]
North Sea oil wins subsidies March 21, 2012 THE GOVERNMENT has tried to make up for last year’s oil and gas tax raid by promising to help out explorers in parts of the North Sea and clear up tax rules on decommissioning. Shares in North Sea explorers spiked yesterday lunchtime as George Osborne unveiled a £3bn subsidy for drilling in the West of [...]
Game Group’s lenders mull a rescue deal March 25, 2012 GAME GROUP’S lenders, led by The Royal Bank of Scotland, are working on plans that could result in them buying the crisis-hit video games retailer out of administration. The company, which runs 1,274 stores worldwide and employs 10,000 workers – 6,000 of them in the UK – is expected to fall into administration as early [...]