The Engine – Spring 2024
Welcome to the latest issue of The Engine with insights for Manufacturing & Engineering businesses.
With signs of Spring taking hold, the industrial landscape continues to face significant challenges, particularly with the depressing news of job losses at Tata's Port Talbot steelworks.
Since the start of the global pandemic, SMEs have faced unprecedented challenges, contending with inflation hitting a 30-year high, a once-in-a-generation energy crisis, interest rates seeing the steepest series of increases in decades, the pound falling to a record low against the dollar and conflicts in Ukraine and the Middle East.
Relatively few businesses in the Manufacturing & Engineering sector will have escaped these challenges unscathed. However, while there are clearly challenges ahead, the sector is resilient and innovative. Despite the tough conditions.
In this edition of The Engine, we take a look at several issues which businesses in the manufacturing and engineering sectors should be aware of, such as the impact of the Spring Budget on the sector, the Corporate Tax Landscape and associated companies, navigating the Corporate Interest Restriction, and measuring your environmental impact, alongside a whole host of other topics.
Read the key articles from this edition of The Engine below:
ESG & the impact of Plastic Packaging Tax
Alison Horner
VAT & Indirect Tax Partner
Navigating the New Corporate Tax Landscape: Associated Companies from April 2023
Steve Tebbutt
Tax Director
National Insurance on Car Allowances – a refund opportunity?
Richard Maitland
Partner
More Manufacturing & Engineering insights below:
Navigating the Corporate Interest Restriction Landscape
Navigate the complex corporate interest restriction landscape with MHA's expert guidance. Understand the implications and compliance requirements to optimize your tax position.
ESG as a tool for manufacturing growth
Many manufacturers are aware of the importance of having a sustainability strategy in place, but the urgency of implementation is perhaps not given top priority.
ESG in Supply Chains - measuring your environmental impact
If 90% of your problems came from one place, wouldn’t you do something about it?
Coping with Customs
Are you an importer of goods into the UK and are you confident that you have the necessary knowledge and procedures in your business to comply with UK customs legislation?
Download a copy of the Spring 2024 edition using the link below:
The Engine Spring 2024
Get in touch
As always, we are on hand to provide guidance and support. If you would like further information on any of the issues covered, please get in touch.
Contact the team
