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

Menzies

Menzies LLP - A leading chartered accountancy firm. Following Brexit, to make Britain more attractive to innovative companies and tech entrepreneurs, the UK government has been promising fiscal changes. This is another example of post-Brexit promises to create a tax system that will enhance UK competitiveness coming to nothing.

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Autumn Budget: Property Wishlist & Predictions

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax Major tax changes are unlikely. Buy to let After changes to the buy to let interest relief were bought in many landlords have chosen to start limited company so they are paying close attention to the rate of corporation tax.

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Tax relief on energy efficient vehicles

Menzies

Menzies LLP - A leading chartered accountancy firm. The government has extended the availability of 100% first year allowances on the acquisition of cars, zero-emissions goods vehicles and equipment. This was due to end in April 2021 and will now come to an end in April 2025.

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Manufacturing: Spring Budget Predictions & Wish List

Menzies

Menzies LLP - A leading chartered accountancy firm. Corporation Tax A reduction in the headline rate of corporation tax to support UK business in a challenging economic climate. 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. per £100 of spending to £46.50.

Tax 59
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Limited liability partnership vs Limited company comparison

Menzies

Menzies LLP - A leading chartered accountancy firm. Profits can be left in the company within retained earnings or distributed to the shareholders via dividends, governed by the rights attached to the shares of each shareholder. Shareholders wishing to receive a salary will be subject to income tax just as those in an LLP.

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New rules for the submission of R&D tax relief claims

Menzies

Menzies LLP - A leading chartered accountancy firm. HMRC have introduced new rules for the submission of R&D tax relief claims. This is with reference to the date the claim is filed, not the accounting period date, so any claims filed from 8 August 2023 onwards will need to comply with these new rules.

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