PIMBs Briefing – Winter 2022

With a new year upon us and hopes for continued easing of restrictions from the COVID-19 pandemic, it’s important to contemplate the upcoming challenges and opportunities faced by the PIMBs sector.

Emma Gabe reflects on the development of technology and its utilisation within the finance department, praising the benefits but pondering on whether it is indeed the answer to problems faced or if overlooking its limitation may be perilous.

Researchers at the Professional Associations Research Network (PARN) share their observations of what the trends in data is indicating for the PIMBs sector, following the financial shock in March 2020, and consideration to any long-lasting impact.

The world’s workforce has necessarily adapted to the pandemic, and many more employees have taken up remote working. Nick Bustin sets out the tax considerations that the employer should be aware of if a UK employee’s home office is located abroad.

The Government has introduced a new levy to help support social care, impacting all PIMBs organisations with employees, and our employment tax team provides details and considerations around this.

Conversely, HMRC have backtracked on their brief around VAT on dilapidations, and Stephen Patey sets out the current position and considerations for PIMBs entities.

The PIMBs sector has seen a number of organisations focus on internationalisation and growth of overseas impact and income. Organisations with overseas investments, or other sources of income arising overseas, may suffer withholding taxes on their income. Jamie Whale summarises the main scenarios that organisations are likely to face, and when advice needs to be taken.

My thanks to those who contributed articles and insights to this publication. Please do not hesitate to contact any of our authors with any queries.

We look forward to seeing you, in person or virtually, at upcoming events and seminars in 2022. If you have any questions or would like to discuss any of the topics raised in this edition, please feel free to get in touch using the contact details on this page.

Download PDF