Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 15th March , 2021

OBR: 1.3m more people to start paying income tax Figures from the Office for Budget Responsibility show an extra 1.3m people will have to start paying income tax over the next five years, while a further 1m will [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 12th March , 2021

Over 1m small firms at risk of collapse due to cyber attacks   Research commissioned by Vodafone has found that the equivalent of 1.3m small businesses would go bust if they were targeted by hackers, leading to cal[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 11th March , 2021

OECD predicts UK GDP will rise 5.1% this year UK GDP is now forecast to increase 5.1% this year and 4.7% in 2022, according to the Organisation for Economic Cooperation and Development (OECD). It said the recovery from[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 10th March , 2021

Pre-verification checks for new SEISS claims   The fourth SEISS grant will be open to some taxpayers who became newly self-employed in 2019/20. To protect the scheme from fraud, HMRC is writing to up to [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 09th March , 2021

A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets   Chancellor Rishi Sunak said: ‘With the lowest [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 08th March , 2021

UK Government to take stakes in tech start-ups The Chancellor is preparing to launch a £375m fund to invest in fast growing UK tech companies as part of a series of policies focusing on the sector. This will be o[...] continue reading