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Nigeria Economic Outlook 2019 – Ready To Go

The obligation to account for taxes due on withdrawal of voluntary pension contributions (VPC) was made clearer in the judgement delivered yesterday by the Tax Appeal Tribunal (TAT)

The Scheme, which encourages voluntary declaration of offshore assets, is aimed at combating money laundering and tax evasion.

The attempted manipulation of the London Interbank Offered Rate (LIBOR), the Madoff fraud, Payment Protection Insurance (PPI) mis-selling and numerous cases of ‘rogue’ trading have revealed poor risk management and questionable values and behaviours within the industry.

Commenting on the announcement of legislation to confirm existing concessionary practice on the treatment of capital sums in pension schemes on death, applying up to the age of 75, Stuart Davies, wealth advisory director at Deloitte

Customer expectations and behaviours have changed dramatically over the past decade.

The report identifies the 250 largest Consumer Products companies around the world and provides an outlook for the global economy, an analysis of market capitalisation in the industry, and an assessment of the increasing impact that digitally empowered consumers are having on the industry.

In his Budget speech today the Chancellor referred to making Britain a location of choice for international business and ensuring, through discussion with business, reforms to corporation tax maintain UK competitiveness.

Peter Muir, tax partner at Deloitte, said: “Reforms to the taxation of Islamic finance should be applauded. The UK is the only country which is changing legislation to create a level playing field for both individuals and companies investing in Islamic finance products.

Today's Budget included increased Amusement Machine Licence Duty (AMLD) rates which will impact the bookmaker industry in particular - as well as arcades and clubs. Previously bookmakers were paying no AMLD on Fixed Odd Betting Terminals (FOBTs), instead, until November 2005 they were paying betting duty on net takings at 15%.

Financial institutions need to act now in order to understand the scale of the compliance challenge they face and to have the best chance of an orderly and cost effective implementation of the required process and procedures.

From 1 January 2016, a new institution – the Single Resolution Board (SRB) – will be empowered to require banks in the Eurozone to alter their legal, financial and operating structures in the pursuit of ‘resolvability'.

This interactive dashboard reveals the results of the 2017 Deloitte Global Human Capital Trends survey.

The latest publication of the Guide to Fiscal Information – Key Economies in Africa 2018 is now available to download.

The third UKCS Upstream Supply Chain Collaboration Survey, which forms the basis of this Review and Index, was conducted in September and October 2017.

Recent news stories continue to batter Britain’s once-thriving bank and building society networks.