Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 03rd February , 2023

Bank of England set for massive U-turn on recession forecast The Bank of England will this week publish its latest quarterly Monetary Policy Report, setting out the projections used to set interest rates, and is expected[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 02nd February , 2023

Stealth taxes pull in an extra £12bn Analysis by the Office for Budget Responsibility (OBR) shows that stealth taxes helped the Treasury pull in an extra £12bn last year. The Government's spending watchdog s[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 01st February , 2023

HMRC needs to improve compliance capability to crack down on abuse of the research and development (R&D) tax credit system, reports the House of Lords Economic Affairs Committee   The Committee reported that H[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 31st January , 2023

Energy suppliers failing to pass on discounts British Gas and SSE Energy Solutions have both admitted that they have failed to pass on taxpayer-funded discounts to some of their small business customers, including many [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 30th January , 2023

Dependency on benefits reaches an all-time high Analysis of Office for National Statistics by the Civitas think tank found that 54.2% of British households receive more from the state than they pay in taxes. The analysis[...] continue reading

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

HMRC clampdown pushes R&D activity abroad An increasing number of British firms including many motorsport firms are moving their R&D activity abroad after a crackdown on tax fraud by HMRC led to delays in proces[...] continue reading