Business advice for motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2019
Taxman vows fines over suppliers HMRC has warned firms that they could face prosecution and fines if they fail to spot tax evasion by their suppliers. Firms are being advised to carry out due diligence on their supplier[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2019
Top 1% now pay a third of income tax The top 1% of earners in the UK now account for more than a third of income tax paid to the government while 42% of adults paid no income tax at all, according to research by the Ins[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2019
PM postpones corporation tax cut The Prime Minister has announced that planned cuts to corporation tax are to be put on hold. The rate paid by firms on their profits was due to fall from 19% to 17% next April but Boris [...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2019
A Coventry-based engineering consultancy has been given a £25,000 penalty after wrongly claiming for research and development (R&D) tax credits. Teksolutions-Inc Ltd and the Commissioners for Her Majesty&rsqu[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 13th November , 2019
FSB calls for halt to IR35 changes The Federation of Small Businesses has called on politicians to put the self-employed "front and centre when drawing-up business policies for their election manifestos” warning [...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 13th November , 2019
Ex-HMRC chief questions CGT tax break Edward Troup, a former executive chair of HMRC, has called on the next government to scrap the controversial entrepreneurs' relief applied to capital gains tax. He says the tax bre[...] continue reading