Business advice for motorsport businesses
posted in Business advice for motorsport businesses by on 25th September , 2019
Typical IHT bill up 57% Figures from HMRC show that the average inheritance tax bill has climbed 57% in five years, hitting £180,000 and delivering the taxman a record IHT take of £5.4bn in the year to Apri[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 25th September , 2019
HMRC sees record £5.4bn IHT take HMRC pulled in a record £5.4bn in inheritance tax (IHT) in 2018/19, marking a £166m – or 3% - increase on the previous year. Rising property prices and an unchan[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 18th September , 2019
Santander winds down asset finance arm Spanish bank Santander is reversing out of its £800m asset finance arm in the UK to divert resources elsewhere. Santander UK said it expects to stop offering new asset finan[...] continue reading
posted in Business advice for motorsport businesses by on 18th September , 2019
HMRC issues warning letters over missed MTD deadline The taxman has issued over 100,000 TV licence-style warnings to self-employed people who failed to submit their tax returns online using specialist software. In tota[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 11th September , 2019
UK brushes off recession fears The UK economy expanded by 0.3% month on month in July, according to official figures, well above economists' expectations of 0.1% growth. The services, manufacturing and construction sect[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 11th September , 2019
VAT crackdown on SMEs nets £4.4bn HMRC collected an extra £4.4bn from SMEs following investigations into the underpayment of VAT last year, up 18% from £3.8bn collected in 2017/18, according to tax in[...] continue reading