Business advice for motorsport businesses

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

HMRC under pressure as backlog mounts Accountants have warned of chronic delays at the tax office, with taxpayers waiting for up to a year for help from HMRC. Analysis shows that waiting times on the self-assessment help[...] continue reading

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

Stealth tax raid equivalent to a 10% rise in income tax The Chancellor’s freeze on income tax thresholds could drag 4m more people into paying 40% or more on their earnings by 2028. Calculations by the broker Inter[...] continue reading

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

Cost of living and strikes weigh on growth The UK economy grew by just 0.1% in the first three months of the year, according to figures from the Office for National Statistics (ONS), with strikes, cost of living pressur[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 19th May , 2023

Further interest rate hikes will damage small businesses Experts warn that further interest rate hikes will damage small businesses by stopping them from investing. The Bank of England recently increased the base rate fr[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 18th May , 2023

Basic rate of income tax could be cut by 2p if pandemic job leavers return to work The Work and Pensions Secretary, Mel Stride, has suggested that the basic rate of income tax could be cut by 2p if those who left jobs du[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 17th May , 2023

IFS: One in five workers will be higher-rate taxpayers by 2027 Analysis by the Institute for Fiscal Studies (IFS) suggests that almost 8m people – one in five of all taxpayers – will be higher-rate taxpayers [...] continue reading