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Tax Directors & Finance Teams – Do you need to register for Pillar 2?

Menzies

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? Assess whether your Group is within the scope Pillar 2.

Finance 59
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Business Tax: Property matters

Menzies

Menzies LLP - A leading chartered accountancy firm. The tax landscape in relation to property has changed dramatically over recent years with various tax rule changes and anti-avoidance measures. This may include for example complying with the Construction Industry Scheme.

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Autumn Budget 2024: Tax Service Line Wishlist & Predictions

Menzies

Menzies LLP - A leading chartered accountancy firm. With a recent change in Government promising to fill the tax gap, the Prime Minister has warned the budget will be “painful”. Capital Gains Tax It is widely expected that we will see an increase to capital gains tax rates, particularly on residential property.

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A Brighter Thinking Approach to Wealth Planning

Menzies

Menzies LLP - A leading chartered accountancy firm. Lately we have adopted a fresh approach to personal wealth planning by combining the knowledge of both our in-house Private Client Tax Managers and Financial Planners. Often, the overall goal is to grow and protect your wealth, whilst minimising your tax liabilities.

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Are you impacted by Pillar 2 and what should you do?

Menzies

Menzies LLP - A leading chartered accountancy firm. REPORTING TAX PAYMENTS IMPACT Even for groups without an additional top-up tax liability, there will be a requirement to submit a Pillar 2 Return to HMRC (if they are the reporting entity) or notify the entity and jurisdiction responsible for filing the return.

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What are the tax Implications associated with Cryptoassets?

Menzies

Menzies LLP - A leading chartered accountancy firm. And are there tax consequences you should be aware of? In this article we will look to provide an explanation of the tax implications that may arise for those involved with Cryptoassets. Understanding one’s tax and filing obligations is paramount. Income Tax.

Tax 52
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Super-Deduction Replaced by Full-Expensing

Menzies

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.