Business advice for motorsport businesses

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

Chancellor warns not to expect tax cuts in March Budget Jeremy Hunt has warned Conservative MPs not to expect tax cuts in his March Budget. The Chancellor told colleagues it would be irresponsible to cut taxes at a time [...] continue reading

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

Nearly 1.5m people to be dragged into higher-rate tax Official projections by HMRC obtained by the Telegraph reveal almost 1.5m people (which will include many people in the motorsport sector) will be dragged into paying[...] continue reading

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

Motorsport SME confidence climbs Confidence among SMEs which includes many motorsport businesses is rising, according to research from Novuna Business Finance, with a poll showing that 53% want to obtain finance to [...] continue reading

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

Small firms braced for jump in energy costs Small motorsport businesses on fixed rate energy deals face a surge in their bills when the Government's current Energy Bill Relief Scheme ends. As of April, a cap on the pric[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 20th January , 2023

1.8m over-65s forced to file tax returns Nearly two million over-65s including many motorsport business owners now have to file tax returns, according to HMRC data. More than 1.8m over 65s had to fill out a self-assessme[...] continue reading

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

Covid fraud task force ‘not best value’ for UK taxpayers, admits HMRC HMRC will be closing its Taxpayer Protection Taskforce, set up in 2021 to recover billions lost through COVID-19 financial aid schemes, s[...] continue reading