Business advice for motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 10th July , 2019
OTS proposes IHT overhaul The Office of Tax Simplification (OTS) has proposed an overhaul of the inheritance tax system, describing the levy as complex and “uniquely unpopular” and suggesting it should be e[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 03rd July , 2019
HMRC error affects 350,000 tax returns Hundreds of thousands of taxpayers have received incorrect tax returns with an error in their capital gains allowance, with HMRC stating that nearly 350,000 tax returns were a[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 03rd July , 2019
Tax burden on highest earners has become “dangerous” Government figures show that for the first time the richest workers - estimated as those earning more than £75,300 a year - will pay just over 50% o[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 26th June , 2019
Late-payers to be frozen out of public sector contracts As of September, firms that do not pay 95% of subcontractors within 60 days risk being frozen out of public sector procurement. The new rules force companies to re[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 26th June , 2019
CGT take hits £9.2bn Figures show that the capital gains tax (CGT) take has hit a record level, with the Government taking £9.2bn in 2018/19. This marks an 18% increase on the year before. The Telegraph&rsqu[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 19th June , 2019
SMEs remain confused about MTD A survey has found that 11% of SMEs are unaware of new rules on keeping digital tax records. More than one million firms with an annual taxable income of in excess of £85,000 are no[...] continue reading