Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: form 3cd :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: due date for vat payment :: list of goods taxed at 4%
 
 
News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

Tax regime fails to help, says PwC
November, 13th 2009

Despite the wide range of tax relief available, over two thirds of UK technology companies do not believe the current tax regime fuels enterprise in the UK, according to a survey conducted by PricewaterhouseCoopers.

Its survey found that measures introduced in the 2009 Budget are not reaching the majority of the domestic technology industry. Over 50% of technology companies have failed to make use of tax R&D credits, while nearly 80% have not taken advantage of environmental relief.

Barry Murphy, PwC's UK technology leader, said the low takeup may indicate that tech companies do not view what they do as innovative, or are put off by a complex claims process.

"Many UK tech companies assume they are not at the cutting edge of technology, therefore dont apply, but are actually entitled to that all-important relief," said Murphy. "In this digital age, UK competitiveness is reliant on innovation and technology."

"Its now time for people to review their claims and tap into as much tax relief as possible," he said. "This is particularly important in a tough investment environment, he said.

Over 90% of those surveyed called for a reduction in tax rates.

"This is a common call but it is allied to the need for simpler systems that are less subject to unexpected change in every [Pre Budget Report] and Budget," said Murphy. "Getting the policies right to encourage early and second stage capital investment is key to future growth in UK technology, however constant tinkering with the tax regime causes companies to disengage."

Murphy said that technology leaders are committed to the long-term success of the economy, and need stability to enable them to make sensible commercial decisions.

"They are calling on Government to provide more certainty in the tax regime and regulation more broadly," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions