Business advice for motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 23rd October , 2019
HMRC targets online sellers over unpaid VAT HMRC is chasing Amazon, eBay and overseas sellers who use online marketplaces for £585m in unpaid VAT. While some demands have been sent to the large internet firms, in[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 23rd October , 2019
Quirk leaves some taxpayers with 62% rate The Sunday Telegraph’s Harry Brennan considers the impact of a quirk which is leaving some people with an effective tax rate of more than 60%. He reports that a gradual re[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 16th October , 2019
Two fifths of SMEs forced to take legal action over late payments A survey by Hitachi Capital Business Finance found the proportion of SMEs that were taking legal action chasing late payments from clients had grown fro[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 16th October , 2019
HMRC registers traders for new import procedures HMRC has automatically registered 95,000 businesses for its simplified import procedures allowing most traders up to six months to pay import duties and submit customs d[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 14th October , 2019
The R&D stats for last year are just out. Here are some highlights. SMEs have made at least 42,075 R&D tax credit claims – 87% of all claims made. HMRC reports nearly 7,000 first time app[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 09th October , 2019
Housing Secretary: IHT is unpopular and unfair Housing Secretary Robert Jenrick has described inheritance tax as “unfair” as it means people are taxed twice, suggesting that it is “particularly unpopu[...] continue reading