Business advice for motorsport businesses

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

HMRC have announced plans to achieve a 30% reduction to phone line access by 2025.  Their plan is to resolve issues via online channels allowing resources to be used to provide specialist support for taxpayers who r[...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 10th August , 2023

After the Bank of England’s latest increase of interest rates to 5.25% and indication that these will rise further to counteract inflation, Conservative MPs are placing pressure on Prime Minister Sunak to support t[...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 09th August , 2023

A new report by the Institute of Directors reveals that over a fifth of UK importers have had to alter their supply chains due to geopolitical tensions, with China being a major focus. The report states that 20.5% of imp[...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 08th August , 2023

A survey by consultancy BDO indicates that 61% of 500 businesses surveyed are involved in a tax dispute with HMRC.  Also, the number of open tax tribunal appeals at the end of March 2023 increased by 8% on the previ[...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 07th August , 2023

Analysis undertaken by Money.co.uk shows that some savers will have tax bills on savings of just more than £8,000 due to higher interest rates.  A higher-rate taxpayer, including those involved in motorsport, [...] continue reading

posted in Business advice for motorsport businesses by Mark Stephenson on 04th August , 2023

Payments provider Neo found in a recent survey that 75% of UK SMEs are considering diversifying their bank pool, with 6% already having done so.  The largest bank run in history earlier this year, which was caused b[...] continue reading