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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.

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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. An SME who is loss making will receive an R&D tax credit repayment from HMRC of up to £33.35 Areas within transport & logistics where R&D could be claimed. Are you a company?

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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. This was due to end in April 2021 and will now come to an end in April 2025.

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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. The aforementioned sum available for the redevelopment project will consist of locally led grant funding, distributed to local authorities and a proportion earmarked for transport links, community facilities and underused land, such as brownfield sites. Land remediation relief.

Tax 52
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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability. In other cases, the audit team might realise that they have missed a financial opportunity.

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