Your May business and tax updates - May 2023

Welcome to our May newsletter (well it's 1 June but May has passed by rather quickly, with 3 long Bank Holiday weekends)!
As part of our 100-year celebrations, we threw a party for staff to thank them for their hard work and dedication. The theme was Dress to Impress through the Ages, and they didn't disappoint! From flappers to bell bottoms, everyone looked amazing. Our team here at Carpenter Box are the backbone of the firm, and it was fantastic to celebrate them this month.
I want to thank each and every one who help drive this business forward, supporting our clients and the wider business community, as well as their commitment to charity and philanthropy through our Carpenter Box Charitable Foundation. We're also well on our way to meeting our £50,000 target for the year. You can read more below on the Isle of Wight walk we took part in this month, as well as the Sports and Social working group's activities, as part of our fundraising drive.
In this month's newsletter, we have details of a few upcoming events. If you're in the construction industry and want to find out more about the benefits of net zero for your business, register for our event on 16th June. And for manufacturing businesses, our latest METALL event on 20th June will cover how robotics and automation can aid productivity. You can find more details and register for the free events below.
We have also released our latest issue of South East Property Newsletter, which looks at sustainability in the sector. 
If you have any questions or concerns please speak to your usual Carpenter Box contact or get in touch with our team.

South East Property Newsletter: Issue 2

This latest edition from the Construction & Real Estate team at Carpenter Box seeks to cover the latest news, trends, challenges and opportunities facing the sector.

This edition looks at a hot topic right now: sustainability. We cover sustainable investments, and the VAT relief available for the installation of Energy Saving Materials. Covering sustainability from different areas within the sector, we have two guest articles: Lloyds tell us how they are supporting the construction industry to achieve Net Zero, whilst Mackley give us insight into flood defence engineering to help the South East.

This issue also covers tax updates for the industry, the latest house and building materials prices, as well as construction output figures from the Office of National Statistics.

Read more

Construction lunch event

The journey to net zero carbon emissions and the benefits to your business.
Friday 16th June 2023
Time: 11.30am-2pm
Venue: Crowne Plaza London-Gatwick, Langley Drive, Crawley
In the current challenging economic climate, businesses are battling with the desire to drive growth and profitability, whilst investing in technology to reduce their carbon footprint and achieve net zero emissions.
We will be joined by Ian Hopping of Auditel, a leading carbon solutions company, who will present on the benefits and challenges of achieving net zero in your business. You will also have the opportunity to network with other businesses in the construction industry.

Book your place

METALL event

How robotics and automation can aid productivity and staffing challenges.
 20th June 2023
Time: 8am-10am
Venue: Cottesmore Hotel, Golf and Country Club, Buchan Hill, Pease Pottage, Crawley
Due to labour shortages resulting from Brexit and Covid restrictions, which have hindered productivity, many manufacturers are now exploring the viability of investing in automation to boost their efficiency. 
Our speaker for this METALL event is Mike Wilson, Chief Automation Officer for the Manufacturing Technology Centre. Mike will provide insight into how to implement robotics and automation in your business and why these technologies can aid in addressing staffing challenges that you may face.

Book your place

What does it mean to have Net Zero Emissions?

Net zero emissions refers to achieving a balance between the total amount of greenhouse gases released into the atmosphere and the total amount removed from it.

This equilibrium can be attained through various approaches, including emission reductions, carbon capture and storage, and the expansion of forested areas. 
In this blog we break down the advantages and methods of achieving net zero emissions.

Learn more

Changes coming to the accounting for leases

The Financial Reporting Council (FRC) has issued new proposals for lease accounting in the UK under Financial Reporting Exposure Draft (FRED) 82.
These changes are set to have a very significant impact on the way that companies report their lease obligations in their financial statements. In this blog, we will provide an overview of the changes, explain why they matter and what exemptions are available.

Learn more

A placement year at Carpenter Box: Eiman Hussain

Placement student, Eiman Hussain, gives us an insight into a placement year at Carpenter Box.
Eiman has been on a placement with Carpenter Box since June 2022 and works in the Crawley office. She is currently working towards her degree with hopes of becoming a chartered accountant.
Find out more about internships and placements at Carpenter Box

Find out more about Eiman's placement

May Fundraising: Carpenter Box's Sports and Social Working Group

Carpenter Box is celebrating its centenary year of business. As part of our year-long festivities, each working group at Carpenter Box has been given a month to organise engaging fundraising activities aimed at raising funds for the Carpenter Box Charitable Foundation.

May was the fundraising month for the Sports and Social Working Group, and they certainly did not disappoint.

Read about May's fundraising activities

Carpenter Box's Staff Walk the Wight: Giving Back to the Community

In a remarkable show of dedication and philanthropy, four outstanding individuals from Carpenter Box embarked on a challenging journey to the Isle of Wight to participate in Mountbatten's 'Walk the Wight'.
Their ultimate goal was to raise funds for the Carpenter Box Charitable Foundation (CBCF), as part of the company's centenary celebrations

Read more



For a full listing of our resources and information sheets, visit our resources page on the Carpenter Box website.

Key dates and deadlines

01 June 2023

  • Corporation tax payment due for year end 31 August 2022, for those companies not liable to pay in instalments
  • New fuel rates come into force

19 June 2023

  • Construction Industry Scheme: monthly return due for period up to 5th of previous month
  • If you pay by cheque through the post, pay PAYE, class 1 NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month

22 June 2023

  • If paying electronically, pay PAYE, class 1 NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month

30 June 2023

  • End of CT61 quarterly period

Filing deadline for corporation tax return self-assessment form CT600 for period ended 30 June 2022 to be submitted to HMRC


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