Manufacturing

The UK is the 11th largest global manufacturer and there has been vibrant growth within the sector in recent years, with a strong focus on innovation.

The uncertainty facing this sector remains high and this, paired with the rise in production costs and workforce recruitment and retention, means it is essential to have a team of specialist manufacturing accountants to assist you in running and developing your business.

As experts in the manufacturing industry we offer support with aspects including:

Our Manufacturing Group meet on a regular basis throughout the year, with representatives from across the firm discussing current matters impacting the sector as well as ensuring advisers are up to date with recent legislative changes and best practice.

Get in touch with your local office and speak to one of our specialist manufacturing accountants.

Client Review

Manufacturing Client
Whiting & Partners guided us in setting up the day to day accounting systems and have since looked after the annual accounts and tax matters.



 
Latest Blogs in Manufacturing
 
Ian Piper
22nd September 2021 Net Zero Carbon: Does your business now need a plan?

From 1 October 2021, to be eligible to apply for public sector contracts over £5m pa, suppliers must have Net Zero Carbon Reduction Plans in place. These will be required to demonstrate a commitment to achieving Net Zero by 2050 in the UK:  Taking Account of Carbon Reduction Plans in the Procurement of Major Government…

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Ian Piper
17th August 2021 SME’s: Most COVID support measures coming to an end

When COVID directly impacted upon the UK in Spring 2020, the Government introduced a range of measures specifically targeted to help SME businesses survive the expected period of financial strain. Such businesses should now be planning ahead for when this support is gradually withdrawn: 21-Jun-21 Deadline for arranging with HMRC when to repay COVID related…

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Ian Piper
8th December 2020 BREXIT: Is your SME ready?

As 1-Jan-21 draws ever nearer what changes should your SME business prepare to adopt ready for Brexit: Exporting Goods to the EU  Despatches are renamed exports. Apply for an EORI number (which will look something like: GB123456789123). Check whether what you sell is a restricted good that requires an export licence. Check whether there are…

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Philip Peters
16th November 2020 Planned Large CapEx? HMRC extend Annual Investment Allowance

Those businesses that have large capital expenditure spends each year, such as manufacturers and farmers, will be aware that there has been a very generous capital allowances tax regime in recent years, currently allowing year 1 tax relief on eligible purchases up to £1m pa. This generosity was scheduled to be reduced wef 1 January…

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Ben Beech
2nd November 2020 Annual Investment Allowance (AIA) Decrease

The annual investment allowance (AIA) limit is currently due to decrease from £1 million to £200,000 from 1 January 2021. Many businesses will have deferred decisions about purchasing capital equipment this year as a result of the COVID-19 pandemic, leading to a number of professional bodies urging the Chancellor to postpone this decrease. However, it…

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Paul Jefferson
26th June 2020 Delaying Import duty and VAT

HMRC have implemented measures to assist businesses that are registered importers who pay VAT and Duty at the time of import and are facing financial difficulties as a direct result of Coronavirus.   What to do if you’re a Duty deferment account holder   You can contact HMRC for approval to enter into an extended…

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Matilda Mawson
15th April 2020 Update: Budget changes to the Annual Allowance calculations for 2020/21

Back in February, I wrote a blog detailing the effect the annual allowance tapering legislation was having on senior NHS clinicians and many others with a defined benefit pension scheme, which can be found here.   I explain that, although NHS England has stepped in to help some NHS staff affected by the charges for…

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Ian Piper
22nd November 2019 2019 Growth: Missing in action?

(Data Source) As another year draws to a close, local SME businesses will be forgiven for looking forward to drawing a line under it. With 2019 sales growth barely nudging 1%, it has been a year of focusing on not slipping backwards, rather than the usual mantra of continually signing up new accounts.  When commentators…

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Jeannette Hume
7th December 2018 Budget Changes Encourage Investment

A number of measures contained in October’s budget were designed to increase investment made by UK businesses and aimed at raising the UK’s international competitiveness. Farmers anticipating expenditure on new commercial buildings or a large outlay on machinery, may find Chancellor Hammond’s changes both interesting and useful.   Let’s look first at the Structures and…

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Philip Peters
8th November 2018 Capital allowances changes

A number of changes to capital allowances were announced at the Budget, including an increase in the Annual Investment Allowance (AIA), for two years to £1 million, in relation to qualifying expenditure incurred from 1 January 2019. The AIA is currently £200,000 per annum. Complex calculations may apply to accounting periods which straddle 1 January…

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