Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 05th December , 2023

We often hear politicians, especially those on the Left, on TV and radio blithely announce that the better off in society need to pay their fair share. The obvious implication is that they currently don’t. Recent [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 04th December , 2023

ATT concerned over HMRC tax rethink The Association of Taxation Technicians (ATT) has voiced concern over new rules on how sole traders and partnerships are taxed. Starting in the 2024/25 tax year, profits will be assess[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 03rd December , 2023

Treasury minister does not rule out pre-election tax cuts Laura Trott, the chief secretary to the Treasury, has not ruled out the possibility of more tax cuts ahead of a general election. She told Sky News’ Sunday[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 29th November , 2023

Frozen thresholds drive up tax burden The most eye-catching measures announced in the Chancellor’s Autumn statement were a 2% cut in National Insurance, from 12% to 10%, and making the “full expensing”[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 28th November , 2023

Jeremy Hunt to make ‘full expensing’ capital allowance regime permanent The Chancellor will make permanent a £10bn-a-year tax break for companies that invest in equipment and technology, according to th[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 27th November , 2023

OECD tax deal will harm UK sovereignty The UK Government is on the verge of surrendering its tax sovereignty to the Organisation for Economic Cooperation and Development (OECD) in Paris, writes Fred de Fossard, head of t[...] continue reading