Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 09th February , 2024

HMRC to issue £100m in fines as late tax returns double HMRC is set to impose over £100m in fines as more than 1.1m people missed the January 31 self assessment deadline, almost double the number from the pr[...] continue reading

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

Frozen thresholds see more retirees hit by tax bills Rishi Sunak's six-year freeze on tax thresholds will result in up to 900,000 pensioners receiving an unexpected income tax bill next year, according to new analysis. [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 07th February , 2024

After an arduous 2023 season covering multiple events in Wales, Yorkshire and the Scottish Borders, Phil Harris secured a class win in the prestigious British Historic Rally Championship, the Premier League of historic r[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 07th February , 2024

Over 2,000 families investigated over IHT More than 2,000 families are being investigated by HMRC this tax year for not paying enough inheritance tax. HMRC opened 2,029 IHT investigations between April and November 2023.[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 06th February , 2024

Small business owners prioritise savings over pensions Small business owners are saving money in bank accounts at the expense of their retirement pot, according to a survey by Workwell and the Association of Independent [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th February , 2024

Workers hit by frozen thresholds as tax bills soar Households in the UK are paying nearly £3,000 more in tax on average since a stealth tax raid by ministers, according to new analysis. The personal tax bill has ri[...] continue reading