Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 15th April , 2024

IR35 rules fuel crisis in self-employment It has been suggested that HMRC's battles with BBC stars over the controversial IR35 rules have contributed to a crisis in self-employment. A survey by the Association of Indepen[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 08th April , 2024

HMRC bosses fear helpline will be swamped by calls on stealth taxes HM Revenue & Customs (HMRC) is concerned about its customer service helpline being overwhelmed as millions of people are hit by "stealth taxes." Th[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 01st April , 2024

Higher earners net Treasury an extra £4.7bn Higher earners paid an extra £4.7bn to the Treasury last year due to the erosion of the personal allowance, which traps 1.35m workers in the 60% tax band. The pers[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 25th March , 2024

HMRC to close phone lines every year for six months HMRC has decided to close its phone lines over the summer every year after a trial run last year. Over the period - from April 8 until September 29 - taxpayers will be [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 18th March , 2024

Rally North Wales photo courtesy of Black Mountains Media It was an arduous day in the forests of North Wales. Low clouds, intermittent heavy rain, treacherously slippery tracks that were badly rutted and full of deep po[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 13th March , 2024

This year’s tax cuts dwarfed by last year’s increases Analysis by the Resolution Foundation suggests that while last week's Budget will mean a net tax cut of £9bn is taking effect this year, this is dw[...] continue reading