Menzies

JUNE 5, 2024

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. WHAT IS PILLAR 2?

Finance 59

Finance Tax chartered accountant accounting and finance 59

Menzies

OCTOBER 24, 2024

Menzies LLP - A leading chartered accountancy firm. The changes are intended to reduce the complexity and administrative burden for companies and will directly impact the type of accounts a company is required to prepare and whether the company is required to have a UK statutory audit.

chartered accountant 59

chartered accountant audit Government accounting firms 59

Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. This relief is of a temporary nature and will expire on 31st March 2026. The acquisition of these assets must be completed prior to the deadline of 31st March 2026. The first instalment will be due on January 1, 2026, upon delivery.

corporation tax 59

corporation tax accounting and finance Tax Finance 59

Menzies

NOVEMBER 30, 2023

Menzies LLP - A leading chartered accountancy firm. The consultation feedback on the exposure draft has since led to a delay in the expected implementation date, with the revised version expected to come into effect for periods commencing on or after 1 January 2026. What date does FRED 82 come into effect?

chartered accountant 59

chartered accountant accounting and finance accounting firms Finance 59

Menzies

JANUARY 23, 2025

Menzies LLP - A leading chartered accountancy firm. Overview Companies House has released the intended timetable for reforms under the Economic Crime and Corporate Transparency Act (2023). These timelines depend on Parliamentary progress and may be subject to change.

chartered accountant 59

chartered accountant Legal audit accounting firms 59

Menzies

DECEMBER 19, 2024

Menzies LLP - A leading chartered accountancy firm. These come in from 1 April 2023 and run until 31 March 2026 and the 50% allowance is particularly useful where a company does not have sufficient AIA. There is also a 50% first year allowance for integral features such as solar panels under the new full expensing rules.

Tax 52

Tax chartered accountant Maine accounting firms 52

Menzies

OCTOBER 31, 2024

Menzies LLP - A leading chartered accountancy firm. From 6 April 2025, the Business Asset Disposal Relief tax rate will increase to 14%, and from April 2026, it will align with the main lower rate of 18%. The recent Budget has painted a mixed picture for the Transport and Logistics sector.

Transportation 45

Transportation chartered accountant Maine Tax 45

Menzies

AUGUST 21, 2023

Menzies LLP - A leading chartered accountancy firm. This relief is temporary and will end on 31 March 2026 but for companies that take advantage of it will enable up to £250 of each £1,000 of capital spend to be recovered against their tax bill and so potentially significant tax savings are available.

chartered accountant 52

chartered accountant tax planning corporation tax Construction 52

Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. MTD for income tax MTD for income tax is set to be implemented from April 2026. This Spring Budget will be announced against a backdrop of plateaued economic growth, diminishing living standards and above target inflation.

income tax 52

income tax chartered accountant tax return Tax 52

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. There will be a transition period up to 2026, after which, CBAM certificates must be bought, to offset the cost of embedded carbon and other emissions. What is it? Contracts and incoterms will need reviewing, to ensure the importer is compliant with CBAM requirements.

chartered accountant 52

chartered accountant accounting firms Tax Account 52

Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. Extending Full Expensing Capital Allowances: Recognising the capital-intensive nature of the manufacturing industry, we advocate for the extension of the full expensing capital allowances regime beyond March 2026.

Manufacturing 52

Manufacturing corporation tax chartered accountant Tax 52

Menzies

MARCH 22, 2023

Menzies LLP - A leading chartered accountancy firm. These come in from 1 April 2023 and run until 31 March 2026 and can be used in conjunction with the AIA. There is also a 50% first year allowance for integral features such as solar panels under the new ‘full expensing’ rules.

Tax 52

Tax Non-Profits chartered accountant Maine 52

Menzies

JANUARY 5, 2024

Menzies LLP - A leading chartered accountancy firm. These came in from 1 April 2023 and run until 31 March 2026 and can be used in conjunction with the AIA. There is also a 50% first year allowance for integral features such as solar panels under the new ‘full expensing’ rules.

chartered accountant 52

chartered accountant Non-Profits Manufacturing Government 52

Menzies

MARCH 25, 2024

Menzies LLP - A leading chartered accountancy firm. Compulsory Payrolling of Benefits Payrolling of benefits will become the default mandatory method for reporting taxable benefits from 6 April 2026. As another UK tax year draws to a close, here is a summary of the employer’s reporting deadlines that are approaching.

payroll 40

payroll chartered accountant Tax accounting firms 40

Menzies

JANUARY 4, 2024

Menzies LLP - A leading chartered accountancy firm. Albania, Australia, Belgium, Greece, France, Hungary, Kenya, Poland, Saudi Arabia, Serbia, Spain, Tunisia, Turkey) with about half that number again bringing in rules by the end of 2026 (e.g.,

accounts payable 59

accounts payable chartered accountant Government accounting software 59

Menzies

MAY 11, 2023

Menzies LLP - A leading chartered accountancy firm. Read on if you and your manufacturing company falls into one of the following categories: – For manufacturing companies investing in significant pieces of plant and machinery can be key to driving business growth. Should surplus cash be used?

Manufacturing 40

Manufacturing corporation tax accounting and finance chartered accountant 40

Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. We would like to see suitable commitments and practical plans to improve HMRC service levels and for these to be addressed before any potential introduction of Making Tax Digital for self-employed businesses in April 2026.

Manufacturing 52

Manufacturing corporation tax chartered accountant Tax 52

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. Therefore it is expected that many of the changes will not come into effect until 2026. The government published its much-anticipated Employment Rights Bill on 10 October, to meet its promise to bring this in within its first 100 days in power.

Government 52

Government chartered accountant Maine accounting firms 52

Menzies

OCTOBER 4, 2022

Menzies LLP - A leading chartered accountancy firm. The basis period reform will not affect businesses with accounting year ends to 5 April or 31 March. Content created by Private Client Assistant Manager, Rachael Smith. Transitional period is a loss.

income tax 52

income tax Tax chartered accountant tax return 52

Menzies

AUGUST 21, 2024

Menzies LLP - A leading chartered accountancy firm. When investing in new plant and machinery, it may be worth fast tracking investment plans to take advantage of the 100% ‘full expensing that applies to investments in plant and machinery until March 2026.

Manufacturing 40

Manufacturing chartered accountant Tax Government 40

Menzies

OCTOBER 9, 2024

Menzies LLP - A leading chartered accountancy firm. The changes are due to take effect from 6 th April 2026, which is fast approaching. The ‘Making Tax Digital’ (MTD) requirements mark a big change for how taxes are reported and managed. For landlords, this transition brings both challenges and opportunities.

Tax 52

Tax chartered accountant accounting firms Account 52

Menzies

OCTOBER 9, 2024

Menzies LLP - A leading chartered accountancy firm. The changes are due to take effect from 6 th April 2026, which is fast approaching. The ‘Making Tax Digital’ (MTD) requirements mark a big change for how taxes are reported and managed. For landlords, this transition brings both challenges and opportunities.

Tax 52

Tax chartered accountant accounting firms Account 52

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. The 2024 Autumn Budget introduces rising costs for tech employers through increased National Insurance and wage requirements, while offering targeted relief for smaller tech businesses and investing in digital infrastructure to support sector growth.

Technology 59

Technology chartered accountant income tax Tax 59

Menzies

DECEMBER 4, 2024

Menzies LLP - A leading chartered accountancy firm. These amendments will become effective for periods beginning on or after 1 January 2026 with early adoption permitted, provided all amendments are applied at the same time. On 27th March 2024, the FRC issued amendments to UK GAAP. What is changing?

chartered accountant 59

chartered accountant accounting and finance accounting firms Finance 59

Menzies

NOVEMBER 20, 2024

Menzies LLP - A leading chartered accountancy firm. However, in the Autumn budget, the chancellor said that APD had “not kept up with inflation in recent years” and announced additional rate increases effective from 1 April 2026.

chartered accountant 52

chartered accountant Transportation Government Tax 52

Menzies

FEBRUARY 14, 2024

Menzies LLP - A leading chartered accountancy firm. Clean energy Promote investment in renewable and energy-efficient projects by offering fiscal and financial incentives, such as the extension of full expensing of capital allowances beyond March 2026.

Retail 59

Retail chartered accountant Manufacturing accounting firms 59

Menzies

DECEMBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. From 6 April 2025, the CGT rate will rise from 10% to 14% for those assets that qualify for Business Asset Disposal Relief, with a further increase to 18% planned for April 2026.

Hospitality 59

Hospitality Manufacturing forensic accounting Construction 59

Menzies

NOVEMBER 25, 2024

Menzies LLP - A leading chartered accountancy firm. The Chancellor has announced that from 6 April 2026, the relief will be capped so that the 100% relief from IHT will only be given on the first £1million of qualifying assets. Pensions may have been hit, with pension pots becoming liable to IHT from April 2027.

Agriculture 52

Agriculture Tax chartered accountant tax planning 52

Menzies

JULY 9, 2024

Menzies LLP - A leading chartered accountancy firm. The UK electorate may have voted for a change in government, but underpinning the Labour manifesto is a strong emphasis on stability.

Manufacturing 52

Manufacturing corporation tax chartered accountant Government 52

Menzies

JULY 26, 2023

Menzies LLP - A leading chartered accountancy firm. Where a business has moved ‘at risk’ goods into Northern Ireland, it may be eligible to claim for repayment of any duty paid on import, or remission of import duty deferred.

chartered accountant 40

chartered accountant Retail Sales accounting firms 40

Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves. In 2020, it said the process would be complete by 2026.

auditor 98

auditor Technology audit financial statements 98

Menzies

SEPTEMBER 27, 2024

Menzies LLP - A leading chartered accountancy firm. The scheme is essentially aiming to accelerate the adoption of e-invoicing across all EU member states, resulting in widespread usage by 2030 via local government mandation within the countries involved (Germany are set to adopt the scheme in 2025, and France in 2026).

chartered accountant 52

chartered accountant Government Tax tax accountant 52

Menzies

SEPTEMBER 27, 2024

Menzies LLP - A leading chartered accountancy firm. The scheme is essentially aiming to accelerate the adoption of e-invoicing across all EU member states, resulting in widespread usage by 2030 via local government mandation within the countries involved (Germany are set to adopt the scheme in 2025, and France in 2026).

chartered accountant 52

chartered accountant Government Tax tax accountant 52

Menzies

SEPTEMBER 27, 2024

Menzies LLP - A leading chartered accountancy firm. The scheme is essentially aiming to accelerate the adoption of e-invoicing across all EU member states, resulting in widespread usage by 2030 via local government mandation within the countries involved (Germany are set to adopt the scheme in 2025, and France in 2026).

chartered accountant 52

chartered accountant Government Tax tax accountant 52

Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. Carbon output Labour have declared an initiative which would see £500m of funds available annually from 2026 to act as an incentive for manufacturers developing clean energy and investing in good jobs. The conservatives have committed to investing £1.1

Manufacturing 52

Manufacturing corporation tax chartered accountant Tax 52

Menzies

FEBRUARY 18, 2025

Menzies LLP - A leading chartered accountancy firm. It wants to use its position as a Financial Services centre to encourage firms in the sector to base their operations here. The FCA has its FCA Crypto Roadmap setting out its plans with 2025 and 2026 bringing a further a ramp up in activity.

auditor 52

auditor chartered accountant accounting and finance audit 52

Menzies

OCTOBER 25, 2024

Menzies LLP - A leading chartered accountancy firm. Therefore it is expected that many of the changes will not come into effect until 2026. The Equality and Human Rights Commission (EHRC) has provided guidance on this preventative duty. What does this mean?

Government 59

Government chartered accountant Maine accounting firms 59