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This year’s Budget once again put the spotlight on off-payroll workers and the government’s intention to extend the IR35 changes already in place for the public sector to those in the private sector from 06 April 2020.
The Department for Business, Energy and Industrial Strategy (BEIS) has recently released its latest list of businesses who did not comply with National Minimum Wage (NMW) regulations and the report makes it very clear that non-compliance will not be tolerated.
This year’s Professional Services Week (PSW), run by BPS Birmingham, enabled more than 350 year 9 and above students from across Birmingham visit 30 businesses; providing many with their first experience of the world of professional services, and giving them an insight into the opportunities open to them.
Businesses would be forgiven for treading a cautionary path at the moment, but in true British spirit it appears that recent events have actually galvanised businesses, and no more so than in the Midlands.
Whilst some industries are cautiously moving forward until we have a clearer path on Brexit, the Real Estate market is driving ahead with real optimism as demand in some sectors continues to outweigh supply.
Following an 18 month break, Deloitte Midlands’ Annual Financial Services Dinner returned with renewed optimism as Financial Services organisations continue to rise to the threat of ‘FinTech’ and the move towards a digital economy.
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.