BDO

BDO -Spring Statement 2022: our predictions

BDO -Spring Statement 2022: our predictions

Will 23 March be a day for big tax announcements?

READ OUR PREDICTIONS
The Spring Statement raises many questions about the Chancellor’s post-COVID plans and options: will tax plans be dictated by events and an attempt to address the ‘cost-of-living crisis’?

To read our predictions, visit our Budget Hub.

JON HICKMAN Tax Partner

Jon has many years of experience dealing with both OMB’s and large international businesses. He advises management...

https://allaboutshipping.co.uk/2022/03/06/bdo-spring-statement-2022-our-predictions/

BDO – Shipping & Maritime Advisory

BDO – Shipping & Maritime Advisory

2021 was an unprecedented year for the shipping and maritime community. Please take a look at the attached summary document which demonstrates some of the financial advisory support we provide to our trusted shipping and maritime clients in 2021.

Click here to download
If you have any questions, please don’t hesitate to contact Ryan Biscomb, or your usual BDO contact.
CONTACTRYAN BISCOMB
Director – Corporate FinanceCONTACT RYAN
Supporting...

https://allaboutshipping.co.uk/2022/01/06/bdo-shipping-maritime-advisory/

R&D tax reform – What does it mean for my business?

R&D tax reform – What does it mean for my business?

Following the Chancellor’s Autumn Budget announcements on R&D reform, we now have more detail on the proposals.

In summary from 1 April 2023:

Non-UK Costs
R&D qualifying expenditure will be refocused on domestic expenditure through the prohibition of:

  • Overseas subcontractor costs, (including contributions for independent R&D of an overseas qualifying body; and
  • Overseas externally provided workers.

Data and Cloud Computing
The qualifying cost...

https://allaboutshipping.co.uk/2021/12/12/rd-tax-reform-what-does-it-mean-for-my-business/

Budget 2021 – what does this mean for you and your business?

Budget 2021 – what does this mean for you and your business?

Budget 2021 proposes reform of UK tonnage tax

Last week’s budget included the first substantive reform of UK tonnage tax since it was introduced in 2000. Following the UK’s departure from the EU, the Chancellor’s aim is to create a more flexible and attractive system for overseas shipping groups to relocate to the UK and to maintain the UK’s status as a leading country in the maritime industry.

Read our Shipping sector analysis...

https://allaboutshipping.co.uk/2021/11/04/budget-2021-what-does-this-mean-for-you-and-your-business/

Autumn Budget 2021 highlights

Autumn Budget 2021 highlights

The Autumn Budget 2021 was billed as a Budget for a new age.

The main announcements are listed below. Our comprehensive analysis of all the announcements and the technical changes will follow shortly.R&D tax relief extended to include cloud computing and data but to be restricted to domestic activity from 2023 A post-Brexit reform to the Tonnage tax regime Several business rates reforms including revaluations every three years, a new ‘improvement relief’ and a...

https://allaboutshipping.co.uk/2021/10/27/autumn-budget-2021-highlights/

Stormy seas for importers

Stormy seas for importers

Importers, particularly those reliant on container shipments, are facing a storm of disruptive factors. Whilst this is impacting a broad range of sectors reliant on overseas imports, there are several actions you can take to mitigate the current challenges.

Read our article, explaining some of these challenges and find out some practical actions that can be taken to enable navigation through these stormy seas.

READ OUR ARTICLE
If you would like to discuss...

https://allaboutshipping.co.uk/2021/07/29/stormy-seas-for-importers/

The latest Bottom Line – Summer 2021

The latest Bottom Line – Summer 2021

Welcome to the latest issue of our shipping industry newsletter, Bottom Line.In this edition, our feature article focuses on rethinking the approach to risk management in light of recent events including COVID-19 and mv Ever Given’s grounding. We also cover the pertinent topic of restructuring your offshore maritime business, how the right technology and appropriate use of outsourcing can turn your finance function into a driver of strategic business...

https://allaboutshipping.co.uk/2021/06/07/the-latest-bottom-line-summer-2021/

Borderlands: Embracing tech standards before pandemic benefited manufacturers, survey finds

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week:  Embracing tech standards before pandemic benefited manufacturers; eBay opens platform to millions of sellers in Latin America; Bull Moose Tube announces Texas mill; and CBP seizes $4 million in fake items at Port Houston.

Embracing tech standards before pandemic benefited manufacturers, survey finds 

Manufacturers and suppliers that adopted Industry 4.0 standards prior...

https://www.freightwaves.com/news/borderlands-embracing-tech-standards-before-pandemic-benefited-manufacturers-survey-finds

First Time Shipping Emissions Incorporated Into Carbon Budget

The UK’s share of international shipping emissions has been incorporated into the country’s Carbon Budget for the first time as part of a wider effort to cut national emissions by 78% by 2035 compared to 1990 levels, says an press release published on their website.

Greenhouse Gases

This is the UK’s 6th Carbon Budget which limits the volume of greenhouse gases emitted over a 5-year period from 2033 to 2037. This will take the UK more than three quarters of the way towards reaching net zero by...

https://mfame.guru/first-time-shipping-emissions-incorporated-into-carbon-budget/

Shipping confidence continues to recover

Shipping confidence continues to recover

Confidence in the shipping industry rose in the three months to end-February 2021 according to our latest Shipping Confidence Survey. It is evident that our industry is beginning to see the bright light at the end of the COVID-19 tunnel and that the progress being made to tackle the pandemic is helping to drive up confidence.

The average confidence level recorded by the survey was 6.6 out of a possible maximum of 10.0. This compares to the figure of...

https://allaboutshipping.co.uk/2021/04/06/shipping-confidence-continues-to-recover/

+ More