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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%.

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Tax relief on energy efficient vehicles

Menzies

Menzies LLP - A leading chartered accountancy firm. Overall, despite the AIA limit reducing and the removal of super-deduction in April 2023, there are still some generous tax treatments for energy efficient vehicles.

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What does the mini-budget mean for the Hospitality & Leisure Sector?

Menzies

Menzies LLP - A leading chartered accountancy firm. Reducing income tax rates.

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Finance Directors’ Tax Toolkit

Menzies

Menzies LLP - A leading chartered accountancy firm. We’re devised this ‘Finance Directors’ tax toolkit’ to highlight the ways in which Menzies often help large and multinational companies including business tax, employment solutions and innovation incentives (e.g.

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Tax Considerations For Office Refurbishments

Menzies

Menzies LLP - A leading chartered accountancy firm. But they might be unaware that most of the cost of the refurbishment may be eligible for tax relief under the capital allowances regime.

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Should micro landlords consider incorporating?

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax restrictions. The move to this business structure was mainly due to changes to tax that restricted the total tax relief that individual landlords could claim on the financing costs of their residential properties.

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Is there a shortage of worldwide digital talent

Menzies

Menzies LLP - A leading chartered accountancy firm. While this appears to be a fast, immediate solution, there could be further reemployment issues and unintended tax ramifications because of an overreliance on overseas remote workers. R&D Tax Relief.

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Dear Graduate… Don’t let your next steps be taxing!

Menzies

Menzies LLP - A leading chartered accountancy firm. Thinking of going freelance when you graduate, or started your own side business already, but don’t know what to do about tax? Tax Year. Making Tax Digital (MTD). Self-assessment tax.

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What are the tax considerations when managing cross-border payments?

Menzies

Menzies LLP - A leading chartered accountancy firm. Despite this growth in conducting cross-border transactions, the tax implications of such arrangements are all too often overlooked. Know your tax position.

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The underclaimed tax relief to consider as part of new investment in brownfield sites

Menzies

Menzies LLP - A leading chartered accountancy firm. Land remediation relief provides corporation tax relief at the rate of 150 percent of qualifying costs incurred by developers on such projects. This is similar to how the R&D tax relief regime operates.

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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.