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Menzies in the media – March 2020

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As part of Menzies commitment to sharing #BrighterThinking, our teams of accounting and business advisors have been providing their opinions on some of the leading hot topics raised within some of the UK’s leading national, regional and specialist press titles.

Here follows a summary of Menzies in the media for March 2020.


Budget 2020

Menzies twitter logo

Various authors including:
Stephen Hemmings
Richard Godmon
Andrew England
Lucy Mangan

Various Publications – Date

This was a budget set against the background of the Coronavirus epidemic, for the Chancellor to provide the fiscal support to impacted businesses and services, while planning for the Government’s long-term priorities.

This was a budget to turn the spending taps on full: to invest in public services and to provide the promised Infrastructure Revolution; for ‘levelling-up’ opportunity across regions of the country that have supported the Conservative Party for the first time. Overall, it will be seen as good news for businesses, although there were relatively few tax measures overall with the majority of attention focussed on spending.

What next for Brexit?

Nick Farmer - Menzies Accountant

Nick Farmer

Lawyer Monthly – March 2020

Following the UK’s departure from the European Union, Nick Farmer assesses what businesses need to do and look out for as the next round of negotiations begins.

“…during this transition period, businesses can continue to trade in the EU without tariffs, customs checks or other regulatory restrictions. For many, it’s basically business as usual for now.”

Read Nick’s feature in full via Lawyer Monthly.

Flybe Collapse

accountant john cullen

John Cullen

Various – March 2020

Following the announcement that regional airline Flybe had gone into administration, Insolvency Specialist John Cullen’s comments were published by a number of outlets:

“Last month it seemed that the loss-making airline might be successful in securing a state loan, due to its important role in facilitating regional connectivity. However, the terms of the loan could not be agreed.”

Read John’s comments via:

Entrepreneurs’ Relief

Stephen Hemmings - Menzies Accountant

Stephen Hemmings

Various – March 2020

Although widely anticipated as a key talking point of the 2020 Budget, Stephen Hemmings reviews why Entrepreneurs’ Relief has come under fire and what any possible changes might mean for the SME community.

“While it seems unlikely that the idea of rewarding owners and investors for risking their capital will be completely removed, the Government may instead be considering reform of the relief, designed to reduce the tax cost (e.g. by increasing the 10% rate or reducing the £10m lifetime allowance) or ensure that it only applies to individuals more closely aligned with the Government’s priorities.”

Read Stephen’s assessment via:

Fiscal Incentives for Brexit Transition

Sean Turner

Sean Turner

Various – March 2020

VAT and Transport & Logistics specialist Sean Turner assesses what fiscal incentives are needed during the Brexit transition period in order to continue supporting the sector.

“The administrative burden on transport operators involved in cross-border activities is mounting as the industry prepares for the realities of Brexit. To alleviate this pressure, the Government should reset the timetable for the introduction of the new Customs Declaration Service, which according to the most recent round of IT tests, is not yet ready to go live.”

Read Sean’s analysis via:

Coronavirus Pandemic Commentary

Various authors including:
Peter Noyce

Simon Underwood
Mark Perrin
Craig Hughes

Various – March 2020

The spread of the Coronavirus (COVID-19) continues to dominate the news, with major implications for public health and the NHS. It is also causing economic disruption and we want to reassure you we have put in place sensible measures to ensure that Menzies is well prepared and well positioned to continue to support you and handle your work. During this period of lockdown we have published a number of useful items of content that have been featured in press.


ACCOUNTANCY | FINANCE | BUSINESS

Menzies LLP is an accountancy firm delivering traditional accounting services combined with strategic commercial thinking. Our services include tax, audit, payroll, business recovery as well as a business and financial consultancy service proven to add value and help your business to grow.

Specialising in eight core UK and international business sectors, Menzies’ local accountancy and business advisory offices in London, Surrey, Hampshire and Cardiff, all offer our #BrighterThinking approach.

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Nicky Purnell

Marketing & Business Development Director

For more information on our #BrighterThinking press features contact Nicky Purnell.