TaxAdministrationPwC chief warns of client concern over business rules

PwC chief warns of client concern over business rules

PWC chief has warned continued uncertainty over UK business rules is causing concern among the firms’ clients

The chairman of
PricewaterhouseCoopers
(PwC) in the UK has warned the government’s tax policy is causing major concern
among its clients relating to the continued uncertainty over business rules.

‘In terms of the wider outlook, we share our clients’ concerns over the risks
to the continued competitiveness of the UK economy,’ Ian Powell, PwC UK
chairman, said.

‘The quantity and scope of regulation combined with the level of uncertainty
and complexity in this country’s tax system are particular causes of concern,
and remain at the top of the agenda for leading UK-based businesses.’

Powell noted the decline in business and consumer confidence had affected
transactional activity and lowered the growth expectations for many UK and
international businesses, according to Tax-News.com.

Further reading:

PwC remains ahead with 7% growth

Read
the Tax-News.com story

Related Articles

Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

2d Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
HRMC loses £653,000 tax battle following administration error

Administration HRMC loses £653,000 tax battle following administration error

1y Fraser Simpson, Reporter
European inquiry into Panama Papers receives go-ahead

Administration European inquiry into Panama Papers receives go-ahead

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
European Commission close to anti-tax avoidance package

Administration European Commission close to anti-tax avoidance package

1y Fraser Simpson, Reporter
‘Significant recovery’ for HMRC customer service, claims boss Thompson

Administration ‘Significant recovery’ for HMRC customer service, claims boss Thompson

1y Fraser Simpson, Reporter