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Other news in brief

Other news in brief

A round up of other news this week.

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As expected the Government has now published a consultation entitled ‘Capital Gains Tax: Private Residence Relief: changes to the ancillary reliefs’ (click here). This sets out more details on the proposals announced in Autumn Budget 2018 that will: (i) restrict lettings reliefs to only apply where an owner is in shared occupancy with a tenant (it is noted that individuals may still be able to claim relief under another provision (for example, work related absences)); and (ii) reduce the final period exemption from 18 to nine months. These changes will come into effect from April 2020. The consultation closes on 1 June 2019.

The new pensions funding code could add a further £100 billion to UK pension deficits and result in a doubling of pension contributions for a typical employer, according to new analysis from KPMG.

The latest KPMG and Recruitment & Employment Confederation UK Report on Jobs, showed in March 2019, heightened uncertainty underpinned the fastest decline in permanent staff appointments since mid-2016. Brexit-related uncertainty also contributed to a further steep decline in staff availability.

Management Circle and KPMG International are conducting the 2019 Global Female Leaders Outlook survey, exploring senior business women’s views on economic, business, technological and leadership issues in today’s world and we would like senior female leaders to take part. Click here to complete the GFLO survey. 

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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