Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phillip Harris on 09th March , 2018

Fuchs Lubricants feature the Championship winning Harris & Co Mini Cooper at the recent Race Retro. The Mini drew large appreciative crowds to the stand as Fuchs launched their new range of oils for classic cars. [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 11th September , 2017

The latest draft Finance Bill sets out the framework for VAT reporting under Making Tax Digital, confirming that the rules will not be in place before April 2019 while those who fall below the VAT threshold, currently &p[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th January , 2017

One of the questions that we are asked all the time is "can I claim VAT back that I incurred prior to VAT registration?" The answer is yes, but VAT can be claimed only on: services received within six months of the dat[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 16th September , 2016

The number of claims for research and development (R&D) tax reliefs submitted by companies in 2014-15 rose by 12% year-on-year, while the level of support provided was up by 38%, according to statistics released by H[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 14th September , 2016

The UK Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from their patented inventions and equivalent forms of intellectual property. The relief has been phased i[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 07th September , 2016

R&D tax break boost to British business A survey has found that R&D tax credits have proven a major boost to British business. The study of 247 business leaders found 39% had spent more as a result of the tax b[...] continue reading