Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 02nd February , 2024

HMRC misses its own digital tax deadline HMRC has failed to meet the deadline for responding to MPs who criticised plans to digitise the tax system. The Public Accounts Committee issued a report criticising the tax offic[...] continue reading

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

Average IHT bill to hit £239k The Treasury has seen a rise in inheritance tax receipts, with the total reaching £5.7bn in the nine months from April to December 2023. This is £400m more than in the same[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 31st January , 2024

HMRC opened 1,091 serious tax investigations in a year Analysis by law firm Pinsent Masons shows that HMRC opened 1,091 serious tax investigations in the 12 months to March 31, 2023. There were 417 COP8 investigations, w[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 30th January , 2024

HMRC accused of holding back entrepreneurs The slowness of the UK's tax authority HMRC is causing frustration among entrepreneurs, according to business group Buy Women Built (BWB). The group claims that its members have[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 29th January , 2024

Small business confidence grows Optimism among SMEs is at its highest level in almost two years according to a survey compiled by NatWest. However, the survey reveals a divide in the trading performance of services, manu[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th January , 2024

IHT receipts hit record high Inheritance tax (IHT) receipts are on course to exceed records, with HMRC having received £5.7bn in the nine months between April and December 2023. This is £400m more than in the[...] continue reading