Business advice for motorsport businesses

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

posted in Business advice for motorsport businesses by Phil Harris on 24th November , 2023

Bailey: Inflation risk underestimated by markets The Governor of the Bank of England, Andrew Bailey, cast a shadow over the Autumn Statement on Tuesday warning that the persistence of UK inflation was being underestimate[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 23rd November , 2023

Chancellor urged to tackle ‘unacceptably poor service’ at HMRC The Association of Chartered Certified Accountants (ACCA) has called on Jeremy Hunt to accelerate plans to improve HMRC’s performance amid [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 22nd November , 2023

The Autumn Statement today has announced that the overhaul of R&D relief will go ahead from April 2024 merging the two systems and reducing the intensity threshold from 40% to 30% for SMEs with a soft landing [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 22nd November , 2023

IHT receipts on track for record high New data from HM Revenue & Customs show inheritance tax receipts from April to October came in at £4.6bn, up £500m on the same period last year. The 12% rise means t[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2023

Tax system hinders small business growth Dan Neidle, the founder of Tax Policy Associates, says the UK's tax system poses a major obstacle to small business growth, particularly due to the VAT threshold. He highlights th[...] continue reading