Business advice for motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 17th July , 2019
HMRC bumped up insolvency pecking order The Government is going ahead with plans to move tax debts above debts to suppliers, consumers, pension schemes and employees when companies go bust. HMRC will be bumped up the p[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 17th July , 2019
New tax rules threaten innovation Proposed changes to off-payroll tax rules could seriously damage British innovation, the Association of Independent Professionals and the Self-Employed (IPSE) has warned. CEO Chris Bry[...] continue reading
posted in Business advice for motorsport businesses by Phillip Harris on 17th July , 2019
UK follows France to introduce digital services tax The UK has published draft legislation for a digital services tax to be included in its next finance bill. The tax will consist of a 2% levy on companies with digital[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 10th July , 2019
Traditional lenders failing to bank on SMEs? Greg Carter, chief executive of Growth Street, looks at the Bank of England’s plan to champion a data platform to help SMEs applying for credit. He notes that in annou[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 10th July , 2019
Sole traders struggle Institute for Fiscal Studies (IFS) research, which analysed tax records from HMRC, shows that one in five businesses set up by sole traders closes within a year and six in ten fail by their fifth y[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 10th July , 2019
Warning over HMRC letters triggering tax penalties HMRC is writing to tens of thousands of people with overseas investments and bank accounts - prompting warnings that returning it signed could leave the recipien[...] continue reading