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B2B Payment Terms In Flux Amid Market Volatility

PYMNTS

“The main problem will be, as ever in construction, whether this goes through the supply chain to the subcontractors, and the subcontractors of those subcontractors,” he said. “These are the firms that are most vulnerable at the moment and the ones most reliant on cash flow.”

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Spring Budget 2024 – Technology Sector Commentary

Menzies

Menzies LLP - A leading chartered accountancy firm. Whilst he has not reduced the main rates of CGT, the higher rate of residential property CGT is reducing from 28% to 24%. This is to incentivise SMEs to grow their businesses but has the Chancellor gone far enough with just a £5k increase?

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What are the UK Extended producer responsibility (EPR) for packaging rules?

Menzies

Menzies LLP - A leading chartered accountancy firm. The UK Government department Defra (Department for Environment, Food & Rural Affairs) has announced that new UK Extended producer responsibility (EPR) for packaging rules for all obligated UK organisations that import or supply packaging. What data needs to be collected?

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Is it time for a rethink of the capital allowances system?

Menzies

Menzies LLP - A leading chartered accountancy firm. Increasing main pool and special rate allowances from 18% and 6% to (for example) 20% and 8%. Introducing a first-year allowance for main pool and special rate pool of (for example) 40% and 13%.

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UK Manufacturing: Attractive & Stable

Menzies

Menzies LLP - A leading chartered accountancy firm. Skilled workforce One of the main factors that make the UK an attractive location for manufacturing is its skilled workforce. The United Kingdom has long been a hub for manufacturing, with a rich history of industry and innovation.

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Stamp duty land tax (SDLT) on granny flats a annexes

Menzies

Menzies LLP - A leading chartered accountancy firm. This was the case even if it was going to be the buyer’s only property or if it was replacing the buyer’s only or main residence. This was the case even if it was going to be the buyer’s only property or if it was replacing the buyer’s only or main residence.

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UK Transfer Pricing Documentation Changes Ahead

Menzies

Menzies LLP - A leading chartered accountancy firm. The measures will apply for accounting periods commencing on or after 1 April 2023. The UK Government has tabled draft legislation setting out new transfer pricing documentation requirements that will affect the largest UK businesses. Uncertainty for UK businesses.