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TRANSPORT & LOGISTICS SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. Strategic divestments could help to raise the funds needed to invest, which may in turn help to minimise corporate tax liabilities by creating an opportunity to claim R&D tax relief. Business owners in the sector should harness data and manage cash flow carefully.

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Spring Budget 2024 – Transport and Logistics Sector Commentary

Menzies

Menzies LLP - A leading chartered accountancy firm. TAX INCENTIVES Whilst the further reduction to Employees NIC is part of a wider strategy to encourage people back to work will be welcomed by individuals, it wont change the costs for business owners. In fact, with national minimum wage jumping up 9.8%

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Autumn Budget 2024 Commentary: T&L Sector

Menzies

Menzies LLP - A leading chartered accountancy firm. The recent Budget has painted a mixed picture for the Transport and Logistics sector. Our Transport & Logistics Team have summarised the key changes that will impact the T&L Sector.

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IS YOUR Transport & Logistics COMPANY MISSING OUT ON R&D TAX RELIEF?

Menzies

Menzies LLP - A leading chartered accountancy firm. The relief is only available to companies subject to corporation tax. SMEs obtain an additional tax deduction of 130% of the qualifying R&D expenditure, meaning: Profitable companies paying tax. An SME who is tax paying will save £24.70

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Autumn Budget 2024 T&L: Predictions & Wish List

Menzies

Menzies LLP - A leading chartered accountancy firm. As the UK Budget announcement approaches on October 30th, there’s a growing sense of anticipation within the Transport and Logistics (T&L) sector. It’s important to remember that nearly everything we buy is transported by road at some point.

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T&L Sector: Post-Election 2024 Commentary

Menzies

Menzies LLP - A leading chartered accountancy firm. These policies intend to reshape the transport, logistics and warehouse landscape with the aim of promoting sustainability, efficiency, and social equity. The long-term benefits may include a reduction of fuel costs and compliance with future environmental regulations.

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Tax relief on energy efficient vehicles

Menzies

Menzies LLP - A leading chartered accountancy firm. This means that transport and logistics companies will be able to benefit from 100% relief on the purchase of energy efficient vehicles. Speak to your advisor early in the process so that the timing of any capital spend on vehicles can be reviewed and tax reliefs maximised.

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