
Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 05th January , 2021
£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government cont[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 04th January , 2021
Self assessment taxpayers warned to watch out for scammers posing as HMRC HMRC is warning self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return dead[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 01st January , 2021
HMRC confirms MTD for corporation tax to be mandated from 2026 In a new consultation HMRC has confirmed that Making Tax Digital for corporation tax (MTD for CT) will not be implemented until 2026 'at the earliest'. The[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 31st December , 2020
Get prepared for the end of the Brexit transitional period It is time to prepare for the end of the Brexit transitional period. Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 30th December , 2020
A recent report by the Historic Endurance Rally Organisation ("Hero"). has revealed the size of the Uk's heritage motor industry and the part that historic motorsport contributes. The historic car sector generates 318 b[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 30th December , 2020
New Covid virus strain triggers market slump, double dip predicted The pound slumped on Monday along with global markets amid concern over the new strain of coronavirus identified in Britain, which has led to tighter r[...] continue reading