The new plastic packaging tax
Due to take effect from 1 April 2022, HMRC have published a policy paper detailing how businesses can prepare. Primary legislation is currently before Parliament. Who is affected? The tax […]
Insights
VAT Food and Drink Manufacturing Case Study
Sean Turner – VAT Specialist The VAT team at Menzies was approached by a well-known food manufacturer concerning a new snack product being developed. The difficulty that the manufacturer faced […]
Job Retention Scheme (Furlough) FAQs (14/04/2021)
Ed Hussey – People Solutions DirectorDD: +44 (0)1784 497105 Andrew Brookes – Employer Solutions SpecialistDD: +44 (0)1252 541244 EXTENDED JOB RETENTION SCHEME – 1 NOVEMBER 2020 – 30 SEPTEMBER 2021 […]
Working from home? What Tax relief is available?
Working from home has become more and more common in the current climate. Companies have had to implement flexible working regimes between the office and home working. This new style […]
Should your business be planning capital expenditure to take advantage of the capital allowances super-deduction?
The super-deduction will be an enhanced capital allowance that provides a new temporary first year allowance on certain qualifying expenditure. Unlike with the existing Annual Investment Allowance (which is restricted […]
ALL OUT OF OPTIONS – HAVE YOU CONSIDERED A CVA?
With the new ‘roadmap’ to recovery, set out by the Prime Minister, Boris Johnson, on 22 February, many businesses can take stock of the financial damage caused by the pandemic […]
Introduction of temporary enhanced capital allowances
Super Deductions Allowance and Special Rate Allowance – 1 April 2021 to 31 March 2023 On 3 March 2021 the Government published draft legislation introducing the new temporary “super deductions […]
Why you should never underestimate the importance of cashflow
The purpose of a business is generally the pursuit of profit. Business owners often focus on levels of turnover and profit and how these may be maximised. However, the importance […]
Insolvency FAQs
Due to the coronavirus pandemic, it has been an extremely challenging time for businesses. The Corporate Insolvency and Governance Act 2020 (“CIGA 2020”) introduced temporary measures to help businesses through […]
Budget 2021: Manufacturing sector summary
The headline issue for the sector was the increase to corporation tax rates and whilst this will significantly affect profitable businesses in the future there is at least a road […]
Budget 2021: Helps employers keep people in jobs and an Ir35 update
IR35 changes The changes that are coming into force are confirmed as going ahead on the 6 April 2021 Andrew Brookes, senior manager, said: “Those businesses that have not yet reviewed […]
Top 10 tips to protect businesses from insolvency
Distinguish the signs of financial distress Usually when a business is in financial distress, it experiences a decrease in revenue and difficulties with paying creditors, which could be more prevalent […]
Manufacturers must take action to alleviate border disruptions
Changes relating to Brexit are causing significant disruptions for manufacturers when trading with the EU. Delays are being caused by new paperwork being required, checks at borders and the new […]
Budget 2021: Will the Chancellor set the UK on the road to recovery with new post-Brexit freedoms?
As Chancellor Rishi Sunak’s hands are no longer tied by EU state aid rules, he must use the Government’s Brexit freedoms to make fiscal changes aimed at promoting recovery, support […]