Public Accounts CommitteeWritten evidence from PWC
Thank you for your letter of 22 January. My responses to your questions are below.
1. What was the scale of PwC’s tax practice globally in 2011–12?
In financial terms?
Revenues for the year ended 30 June 2012 were US$7,944 million (£5,027 million at today’s exchange rate of 1.58).1
In terms of numbers of employees?
36,000.2
As a proportion of PwC’s global turnover?
25%.3
2. What was the scale of PwC’s UK tax practice in 2011–12?
In financial terms?
Revenue for the year ended 30 June 2012 was £659 million.4
In terms of the number of employees?
3,005.5
As a proportion of PwC UK’s turnover?
25%.6
3. What income did PwC receive in aggregate from providing tax advice to multinational companies in 2011–12?
£322 million.7
4. What income did PwC receive in aggregate from providing tax advice to high net worth individuals in 2011–12?
£35.6 million.8
5. How many schemes has PwC disclosed under the DOTAS rules in each of the last three financial years?
|
Year ended 31 March 2010 |
10 |
|
Year ended 31 March 2011 |
9 |
|
Year ended 31 March 2012 |
6 |
6. What was PwC’s income from all the services it provided to the UK public sector in 2011–12?
£162 million.
Kevin Nicholson
UK Head of Tax
25 January 2013
1 Rethinking the future: PwC Global Annual Review p.43
2 Ibid p.48
3 Ibid p.43
4 PwC UK Annual Report 2012 p.10. This figure consolidates our UK and Middle East practices and PwC Legal
5 Closing headcount 30 June 2012 (FTE)
6 PwC UK Annual Report inside front cover
7 Combined tax practice revenues of our FTSE100 and Inbound segments including tax compliance and HR services.
8 Private client tax practice revenues. Please note that this covers all personal tax advice and compliance and makes no distinction between High Net Worth Individuals (this is an HMRC definition) and other private clients.