Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. Income tax Tax Liabilities Given the increased interest rates, more taxpayers will be benefitting from increased interest on income. This means more taxpayers may find themselves with undisclosed tax liabilities and/or needing to file a tax return.

income tax 52

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Menzies

JULY 9, 2024

Menzies LLP - A leading chartered accountancy firm. Employment taxes and skills Labour have pledged not to increase taxes on workers, which means there are no expected changes to income tax or national insurance for employers to take into consideration.

Manufacturing 52

Manufacturing corporation tax chartered accountant Government 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. It may also be beneficial where there has been a less profitable year of trading and the individual is taxed at a lower rate of income tax in one of the following 5 years.

income tax 52

income tax Tax chartered accountant tax return 52

Menzies

MARCH 26, 2025

Menzies LLP - A leading chartered accountancy firm. in 2026, 1.8% In the meantime, the OBR predicts households will have an extra annual 500 of disposable income which is unlikely to significantly benefit the sector! Overview As we expected, todays Spring Statement brought few surprises Hospitality & Leisure sector.

Hospitality 52

Hospitality chartered accountant income tax Maine 52

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. We explore potential tax reversals, digital investment commitments, and the impact of policy changes on start-ups, growth, and digital transformation initiatives. The rate of tax is set to increase from 10% to 14% from April 2025 and 18% from April 2026.

Technology 52

Technology chartered accountant income tax Government 52

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. No increase in taxes on ‘working people’ As promised, the Chancellor did not raise ‘taxes for working people’, i.e. income tax and employee’s National Insurance. Nor has the Chancellor increased VAT.

Technology 59

Technology chartered accountant income tax Tax 59