Business advice for motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 29th May , 2019
Loophole leaves late payment law unfit for purpose MPs and SME representatives are calling for legislation designed to force large companies to reveal how long they take to pay their suppliers to be rewritten over conce[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 29th May , 2019
1.4m over-60s near IHT limit HMRC data shows that around 1.4m people over the age of 60 are on the cusp of being liable for inheritance tax. Analysis by insurer NFU Mutual shows that 9% of over 60s have wealth at or jus[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 22nd May , 2019
OTS recommends simplification of PAYE The Office of Tax Simplification (OTS) says the PAYE system needs to be reviewed and has suggested HMRC offer better guidance for SMEs in regard to compliance with the tax system. [...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 22nd May , 2019
Study calls for SME tax rethink Andy Street, Mayor of the West Midlands, has called on the Government to cut taxes on small businesses, saying a low and simple flat tax could boost the economy. A study by Nick King, hea[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 22nd May , 2019
Over-60s at risk of complex IHT rules A HMRC report published last week indicates that more than a million over-60s are at risk of falling into the inheritance tax net but 54% of those have little understanding of IHT r[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 08th May , 2019
Taxman’s supercomputer nudges taxpayers Connect, the computer system which gathers data for the taxman, has helped HMRC collect an extra £3bn in tax since it was first used in 2010, with experts saying that[...] continue reading