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Autumn Budget 2024 Commentary: Manufacturing

Menzies

Menzies LLP - A leading chartered accountancy firm. Innovation – as this is integral to the continued success of UK manufacturing. Committing over £2 billion in R&D and Capital funding over 5 years to support the automotive sector, including the zero emissions vehicle manufacturing sector and supply chain.

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Autumn Budget: UK Manufacturing Wishlist

Menzies

Menzies LLP - A leading chartered accountancy firm. We’re eagerly anticipating the forthcoming Autumn Statement and the potential policy changes that could benefit the UK manufacturing industry. Find out more about our Manufacturing services here. What are our key recommendations?

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Manufacturing: Spring Budget Predictions & Wish List

Menzies

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? jobs in the sector).

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Manufacturing Sector: Post Election Commentary 2024

Menzies

Menzies LLP - A leading chartered accountancy firm. Whilst in some key policy areas it remains to be seen what practical changes will apply to businesses in the manufacturing space, there is no doubt that the sector will be impacted by a wide range of policies.

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A guide to effective investments in equipment for manufacturing companies

Menzies

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. Where the asset is an integral feature (e.g.

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R&D Tax Relief Changes

Menzies

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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Super-Deduction Substituted by Full Expensing

Menzies

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.