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Act now to mitigate the increase in the corporate tax rate

Menzies

Menzies LLP - A leading chartered accountancy firm. From 1 April 2023, the corporation tax rate will be increasing from 19% to 25% for companies with taxable profits over £250,000. Companies with taxable profits of less than £50,000 will continue to pay tax at 19%. Should you shorten your accounting period?

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Have you received an HMRC nudge letter about filing ATED returns?

Menzies

Menzies LLP - A leading chartered accountancy firm. HMRC have an ongoing campaign to tackle non-compliance connected with offshore corporate entities owning UK property, and we are seeing an increase in this activity in 2024. What is ATED?

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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?

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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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Autumn Budget: Property Wishlist & Predictions

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax Major tax changes are unlikely. We know the CGT allowance is due to be reduced from £6,000 to £3,000 in April 2024 so this could be delayed or scrapped. What are Menzies’ predictions for the 2023 Autumn Budget?

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Spring Statement: Pro-Innovation Tax System – Government must not retract their promise

Menzies

Menzies LLP - A leading chartered accountancy firm. CAPITAL GAINS TAX In April, changes are also being made to the Capital Gains Tax (CGT) which entrepreneurial investors will need to be wary of. Instead, things are shifting in the wrong direction.

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Spring Budget 2023 Predictions for Tech

Menzies

Menzies LLP - A leading chartered accountancy firm. With significant announcements usually reserved for the autumn budget, we are not expecting huge tax increases in the spring budget but nor are we expecting any tax cuts either.