Business advice for motorsport businesses

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

HMRC claws back £700m in IHT HMRC has clawed back more than £700m in inheritance tax over the past five years from 2,100 families who had taken steps to avoid paying the 40% levy. The families had tried to e[...] continue reading

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

Reform call for ‘regressive’ property taxes Larry Elliott in the Guardian suggests that reform of the UK’s property taxation would make economic sense and prove popular with voters. He says the property[...] continue reading

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

Using a pension to avoid IHT Charlotte Gifford in the Telegraph says pensions are “a powerful weapon in the fight against inheritance tax” as they are considered to be outside of a person’s estate for I[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 14th April , 2023

Sunak and Hunt plan tax cut and wage hike Rishi Sunak is reportedly planning to cut taxes and increase the national living wage in the run-up to the next election. Chancellor Jeremy Hunt is said to be considering a cut i[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 13th April , 2023

South East pays half of UK's £173bn tax HMRC data shows that households in London and the South East account for almost half of the UK’s £173bn tax take, paying a combined £87bn bill. Analysis by [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 06th April , 2023

HMRC allowed 11,000 Chinese firms to register at one flat The head of HM Revenue & Customs has admitted to the Commons Public Accounts Committee, that it allowed 11,000 Chinese firms to register for VAT at a single [...] continue reading