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Articles by Rob Jannering
Severn Trent secures Fair Tax Mark
Tax Water services company Severn Trent has announced that it has secured its first Fair Tax Mark certification, making it the third FTSE 100 business to do so. The company joins a growing movement of businesses that demonstrate they are paying the right amount of corporation tax. The Fair Tax Mark is an independent certification scheme which recognises businesses that do so, and has certified more than 50 businesses, notably including Timpson, Lush, SSE, Richer Sounds and Co-op.
The alternative Rugby World Cup: Tackling tax regulation
Tax When the 2019 Rugby World Cup kicks off in Tokyo on Friday 20th September, all eyes will undoubtedly be on the strong formations and slick passes of the usual suspects: England, South Africa, Australia, and reigning champions New Zealand. But in a competition being billed to promote the sport in a new region, those with a keen eye will know that nations such as Argentina and Japan could cause a few surprises given their increased investment in the sport.
Economic policy movements in the event of ‘No-Deal’ Brexit shocks
Brexit There is a general consensus that the prospect of leaving the European Union has and will further hamper economic activity in the UK. Numerous economic bodies have modelled the consequences arising from various scenarios of EU exit, with academic and policy-related literature conforming to the informed opinion that economic output will be left lower than its ’no Brexit’ trend with large and persisting negative output gaps.
Small businesses warned on HMRC asset grab
Tax No-one goes into business expecting it to become insolvent. But businesses do fail – the latest business insolvency figures show there were 4,321 total underlying company insolvencies in the second quarter of 2019; this is 2.6% higher than in the first quarter of 2019. Compared to the same quarter last year, this was an increase of 11.9%. This is the highest underlying level of insolvencies in any quarter since Q1 2014.
Employing EU nationals post-Brexit- what corporate leaders need to know
Brexit With fresh headlines of doom and gloom post-Brexit appearing seemingly every day, it can be difficult to keep track of just what position businesses and their employees will be in after Halloween. And for companies employing EU nationals, the uncertainty is particularly disconcerting. Despite this though, there are steps employers and their EU nationals can take to secure their position in the UK.
If we stay or go – Embrace internal comms while others lose their heads over Brexit - Financial Director
Brexit Voted to stay, voted to go. Deal or No Deal. Whatever you did, whatever you believe in, there is no doubt that the events of 2016 until now are momentous and will be discussed for many years to come. Simply acknowledging we’re at a time of great change and immense uncertainty when there’s no clear road ahead doesn’t help British businesses or the people living the here and now of Brexit.
Deloitte CFO Survey: Political and economic uncertainty compounds Brexit fears - Financial Director
Brexit More than eight in ten CFOs (83%) say they expect the long-term business environment to deteriorate as a result of the UK leaving the EU, according to Deloitte’s latest Q2 CFO Survey. This is the highest reading since the referendum in June 2016. Meanwhile, the percentage of CFOs who think that now is a good time to take a greater risk onto their balance sheets has fallen to 4%, the lowest since the failure of Lehman Brothers in 2008.
Modest growth beset by no deal risk, says CBI
Brexit Economic growth has been volatile in the first half of 2019, due to pre-Brexit stockpiling and a surge in gold bullion pushing up imports growth. But further ahead, the economy is expected to grow at a modest pace, according to employers’ group the Confederation of British Industry (CBI). The CBI predicts GDP growth of 1.4% in 2019 and 1.5% in 2020. This is based on an orderly Brexit deal being ratified by October 2019, and the commencement of a smooth transition period thereafter.
EU most important market outside of UK for future growth
Brexit Nearly a third of UK mid-market businesses with international aspirations see the European Union (EU) as a key market for future growth, according to a recent survey by accountants RSM. The survey- part of a wider report by RSM entitled ‘Global growth – connecting your world to ours- revealed, that political uncertainty was the biggest challenge facing businesses today when looking to expand (30%).
No deal is back on the table, but businesses are unprepared
Brexit Tax The UK finds itself once again in the grip of an election – although this time, it is a contest whose procedures are only open to a select few. Despite the limited numbers involved, the outcome of this decision will undoubtedly have an impact on the British public at large, and look set to have significant ramifications for our closest neighbours.
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