Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. Tax Major tax changes are unlikely. We know the CGT allowance is due to be reduced from £6,000 to £3,000 in April 2024 so this could be delayed or scrapped. What are Menzies’ predictions for the 2023 Autumn Budget?

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Menzies

MAY 22, 2024

Menzies LLP - A leading chartered accountancy firm. HMRC have an ongoing campaign to tackle non-compliance connected with offshore corporate entities owning UK property, and we are seeing an increase in this activity in 2024. What is ATED?

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Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Research and Development (R&D) tax relief is a highly valuable relief to promote and reward attempts by companies to achieve advances in scientific or technological fields or appreciable improvements in associated processes. Tax saving increases by up to £2.80

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Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. Andrew England highlights what we could expect from the Chancellor’s Spring Budget 2024 this year, and what could benefit the Manufacturing sector. What could we expect to see from the Spring Budget 2024?

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Menzies

MARCH 14, 2023

Menzies LLP - A leading chartered accountancy firm. CAPITAL GAINS TAX In April, changes are also being made to the Capital Gains Tax (CGT) which entrepreneurial investors will need to be wary of. This is another example of post-Brexit promises to create a tax system that will enhance UK competitiveness coming to nothing.

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Menzies

FEBRUARY 16, 2023

Menzies LLP - A leading chartered accountancy firm. With significant announcements usually reserved for the autumn budget, we are not expecting huge tax increases in the spring budget but nor are we expecting any tax cuts either.

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Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. For example, consider a company that has a corporation tax liability of £1 million for the 12-month period ending on 31 March 2024.

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Menzies

JULY 26, 2022

Menzies LLP - A leading chartered accountancy firm. Thinking of going freelance when you graduate, or started your own side business already, but don’t know what to do about tax? HMRC will be notified about the new company and instead you’ll need to submit company accounts and a corporation tax return annually.

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Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. As a long term structure, a FIC is tax efficient since the corporate tax rates are smaller than an individual. Note that these are the top rates of tax for an individual.

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Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. Corporation Tax The Conservatives have pledged not to increase corporation tax whilst Labour have promised to cap corporation tax at 25%. The conservatives have committed to investing £1.1 bn into the Green Industries Growth Accelerator.

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Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. With the UK General Election taking place in just a matter of weeks on 4 July 2024 and the leading parties having released their manifestos, we have summarised below some of the main policy promises that would impact the Hospitality & Leisure sector.

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Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. With the UK General Election taking place in just a matter of weeks on 4 July 2024 and the leading parties having released their manifestos, we have summarised below some of the main policy promises that would impact the Hospitality & Leisure sector.

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Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. In the Labour Party manifesto for 2024, there is a strong emphasis on the importance of investing in the transport and logistics sectors to create jobs and stimulate economic growth. What is the Labour party proposing? What is the Conservative party proposing?

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Menzies

JANUARY 27, 2025

Menzies LLP - A leading chartered accountancy firm. Enterprise Management Incentives (EMIs) are a powerful tool for small trading companies and groups which can be used to attract, motivate and retain top talent by giving the opportunity to have skin in the game in a UK tax efficient manner. What is an EMI ?

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