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On Friday 15th July 2016, in collaboration with the Edgbaston Foundation, the Midlands practice of Deloitte co-hosted our third Community Cricket Event, an initiative now into its second year, and which seeks to encourage and promote social inclusion in Birmingham through a shared love of sport.
Friday was an historic day and we unquestionably face a period of uncertainty while the UK’s revised relationship with the EU is determined. It is important that businesses carefully and calmly consider the potential implications on their operations and prepare for all risks and opportunities.
The UK's recovery from recession has been punctuated by a series of external shocks, of which weakness in emerging markets is the latest. A strong pound and weaker demand in emerging markets are dimming prospects for an export-led recovery - and putting greater weight on domestic demand to drive UK growth.
The Valuation Office agency in England and Wales and the Scottish Assessors north of the Border are currently working on a general revaluation of non-domestic property for business rates. The new rateable values will come into force from April 2017. The draft values in England and Wales should be available by the beginning of October 2016 with preliminary indications of the multiplier and any provisions to phase in increases and decreases in liability following shortly after to give businesses a few months to adjust to the new charges.
Last week I had the great honour of launching the new Midlands’ Sponsorship Programme for Women at Deloitte.
Our annual Midlands Financial Services dinner brings together many of the sector’s most influential people in the region – including senior representatives from banks, building societies, insurers and asset managers.
I was delighted to welcome Jon Lovell, former head of our global real estate sustainability practice, to our recent Deloitte Midlands Real Estate Dinner. Alongside more than 30 of the region’s leading figures in the sector, Jon and the guests discussed a variety of topics from urban futures, sustainable development and responsible business, to the slightly more surprising (and yet informative) topic of West Midlands heavy metal bands.
At the end of last month the government published two consultation documents: One relating to the engagement of workers via off-payroll arrangements known as “personal service companies” (PSCs), and; one on the tax and NIC treatment of termination payments.
There is no question that internal audit has been on a journey. And whilst there have been significant improvements to the work auditing teams have delivered over the last couple of years – largely driven by new regulations – there is still a way to go.