Newswire March 2024

  • Person icon Mercia Group
  • Calendar icon 25 March 2024 10:00

The proverb March comes in like a lion and goes out like a lamb seems to have proven true again this year and not just on the weather front. The Budget was quite memorable not least because it was such a noisy affair.  Our experts pored over the details into the small hours of the night to create a fantastic range of Budget products and Tax Cards to help you keep your clients up to date.   

As the weather brightens up many of us are looking forward to venturing outside more. If you want to meet other like-minded professionals this spring, our essential face-to-face courses provide the perfect opportunity to do so, as well as keeping you up to date on recent and forthcoming changes in the world of accounting, auditing and tax.  

If you like to learn online, our live and  on-demand courses will ensure you don't miss out. Maybe you prefer to listen whilst gardening or out walking to our podcasts, then tune in to our latest release to hear Gavin and Lee discuss the importance of ethics.   

In our Newswire, we look at the latest HMRC guidance on double cab pickups and the government’s reforms to pension funds, please see the tax section for details. On the audit and accountancy side, we examine the Economic Crime and Transparency Act and HM Treasury’s plans to improve Money Laundering Regulations.

Latest products


2024 Conferences

With more than 15 topics to choose from, Mercia’s conferences ensure that you are kept up to date on the latest regulatory changes and trends across various sectors.

Environmental Social and Governance Conference
18 April 2024 (09.30 - 16:20)

Solicitors Conference
24 April 2024 (09.30 - 16:30)


Tax Cards and Rates

Now the Spring Budget is over, it’s time to start thinking about how you can communicate the key tax changes to your clients.

Mercia’s digital tax rates and printed tax cards allow you to effortlessly communicate 2024/25 tax rates for individuals and businesses in one place.

Plan your 2024 training

Explore our full range of 2024 training courses with over 150 course titles to choose from.

What's new:

Verifiable CPD pathways
Festival of CPD
CPD Back to Basics for Audit
Progression to Management pathways
Enhanced Early Careers pathways

Whatever you or your team's training needs are in 2024, we are here to support you



The Economic Crime and Corporate Transparency Act 2023 

On 4 March 2024, the first set of measures under the Economic Crime and Corporate Transparency Act 2023 were introduced. Details of the key changes can be found in our blog here and our newest Topical Issue article is the perfect solution to update your clients on this subject easily.

A number of factsheets giving details of the different measures contained in the Economic Crime and Corporate Transparency Act are available on the website. 

FRC outlines how it plans to implement future updates to Corporate Governance Code Guidance 

Following the publication of the revised UK Corporate Governance Code earlier this year, the FRC have highlighted how they have updated the supporting guidance, turning it into a live document containing links to relevant publications. The FRC’s aim is to improve the user experience and allow the guidance to be reviewed on a regular basis to ensure it remains accurate and up to date. 

The FRC explains it does not expect to make frequent changes but, with effect from 6 March 2024, any future updates will be made on the first Wednesday of the month. For those wishing to look into the updates in more detail, you can find a link to the updates log on the UK Corporate Governance page on the FRC website


Latest changes from Charities Act 2022 come into force 

On 7 March 2024, the latest set of changes being introduced by the Charities Act 2022 came into force.  

This introduces a new power which makes it easier for unincorporated charities to change their governing document, as well as new rules which now apply to gifts that are left to charities that have merged. Certain additional changes, which had previously been delayed, have come into force, including those that apply to charity-to-charity land disposals. 

The Charity Commission has updated its guidance to help trustees understand the changes and determine if the changes apply to them. 

Inform your clients of all changes in the charitable sector by pre-ordering our Specialist Charities Newsletter.



Improving the effectiveness of the Money Laundering Regulations 

HM Treasury has published a consultation on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the ‘MLRs’), which place requirements onto a range of businesses to identify and prevent money laundering and terrorist financing. 

The consultation covers four core themes: 

  1. Making customer due diligence more proportionate and effective 
  1. Strengthening system coordination 
  1. Providing clarity on scope of the MLRs 
  1. Reforming registration requirements for the Trust Registration Service. 

The consultation closes 9 June 2024. 


Double cab pick-ups - a change of policy or not?

In a surprise update, HMRC reversed their change of policy in relation to double cab pick-ups. To read more, please click here.

Chancellor backs British business with pension fund reforms

The Chancellor has announced the reforms as a further step in the Government’s plan to boost business and increase returns for savers. To read more, please click here.

£360 million to boost British manufacturing and R&D

The Chancellor has also announced a significant investment package in the UK’s life sciences and manufacturing sectors. To read more, please click here.

Proprietor's training courses

As promised in the Autumn Statement, HMRC has rewritten guidance around the tax deductibility of training costs for sole traders and the self-employed. To read more, please click here.



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