Welcome To The First Edition Of Our Manufacturing & Engineering Newsletter
Manufacturing & Engineering is a cornerstone of the UK economy, a sector that not only underpins our nation’s economic growth but also drives innovation, supports millions of jobs, and plays a pivotal role in shaping our global trade relationships. With nearly half of all UK exports originating from manufacturing, according to Make UK, the sector’s contribution is both significant and indispensable.
T his is why I am thrilled to and opportunities within the sector. Our goal is to provide you with insightful and practical content that not only highlights topical issues, but also offers actionable guidance to help you navigate the complexities of the industry. In this edition, we bring together a range of articles that delve into the most pressing issues and emerging trends within the manufacturing and engineering sector. present the first edition of our Manufacturing & Engineering newsletter, dedicated to exploring the key developments, challenges, On page 4, Ryan Pearcy, SB Digital Associate Partner, explores the transformative impact of AI and automation on manufacturing. As technology continues to evolve, understanding how to effectively integrate these tools is crucial for staying competitive in the global market.
On page 8, Luke Morris, Corporate Finance Partner, shares the latest trends shaping the manufacturing sector. His insights offer a valuable perspective on the forces driving the industry and the opportunities that businesses should be aware of. Paula Mason, VAT Manager, addresses the latest VAT updates affecting the manufacturing sector on page 10, with an appropriate mention of the place of supply of services rules. As VAT regulations continue to evolve, her guidance will help businesses navigate these changes and ensure compliance. For those that have or are considering overseas investment into the business, our feature on page 12 draws attention to some of the key areas of legislation you need to know. Whether you are looking to expand globally or attract foreign capital, understanding the nuances of overseas investment is crucial for making informed decisions. Finally, on page 14, John Perry, Audit Partner, discusses the upcoming changes to leasing rules set to take effect from financial periods beginning on or after 1 January 2026. With early adoption permitted, his article provides key insights on how to ensure your accounting practices are aligned with the new standards.
The UK is one of the world’s largest exporters of manufactured goods, and our region is home to many amazing businesses within the sector, some of which were on show recently at the NAAME’s East of England Manufacturing Conference held at West Suffolk College. Offering a wide range of jobs and supporting a supply chain across numerous sectors, manufacturing and engineering really is a sector that we are passionate about. Accordingly we hope you find this newsletter both informative and engaging, and we encourage you to reach out to a member of the team if you would like to explore any of these topics in more detail.
Steven Burgess Audit Partner
Chris George, our Tax Advisory Partner, provides an in-depth look at the recent
changes to the R&D regime on page 6. With innovation being at the heart of manufacturing, staying informed about these changes is vital for businesses looking to leverage R&D tax incentives.
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