Business advice for motorsport businesses

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

Boom in company formations brightens UK economy Emma Jones, the founder and CEO of Enterprise Nation, says the boom in company formations in the first half of the year is a bright spot for the economy. Almost half a mill[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th July , 2023

HMRC recovers a ‘remarkable' £34bn from investigations HMRC's annual report reveals that investigations into tax evasion and avoidance have yielded £34bn in extra tax revenue over the past year. Althoug[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 25th July , 2023

IHT hit drives 72% tax take Britain’s inheritance tax burden means that the Government takes as much as 72p from every pound earned in a person’s lifetime, according to new analysis. While IHT is typically [...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 21st July , 2023

HMRC is clamping down on R&D tax credit claims, including those made by companies in the motorsport industry, asking for more detail about the research or development that has been undertaken and retroactively denyin[...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 18th July , 2023

Comments made in the Daily Telegrapgh by Matthew Lynn indicate that the UK Government may need to consider the impact of high taxes in the UK and vsas offered to workers by other countries. Matthew Lynn says in the Tele[...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 14th July , 2023

HMRC hasstarted charging 7.5% interest on money owed to the tax office from today, the highest rate for 15 years. The rate is fixed at 2.5 percentage points above the Bank of England’s rate, but HMRC is only oblige[...] continue reading