Business advice for motorsport businesses

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

Late-payment fines system ‘prohibitive’ – Barclay Small Business Commissioner Liz Barclay has suggested she would not support proposals to fine companies guilty of slow and late payment of suppliers, sa[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 16th January , 2023

HMRC now charging 6% interest fee for unpaid tax HMRC has increased the interest rate it charges on unpaid income tax, national insurance, capital gains tax, stamp duty, corporation tax and inheritance tax by 0.5 percen[...] continue reading

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

MPs demand answers over HMRC call delays MPs on the Treasury Committee have expressed “serious concern” over HMRC’s ability to answer taxpayer calls, writing to chief executive Jim Harra to ask if the [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 12th January , 2023

HMRC steps up IHT probes following boom in property prices HM Revenue & Customs clawed back a record £326m through investigations into inheritance tax last year. Data obtained by the insurer NFU Mutual show th[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 10th January , 2023

Private sector activity in rapid decline New figures from the Confederation of British Industry (CBI) showed private sector activity fell 13% in the three months to December, a much steeper fall that the 7% drop seen in[...] continue reading

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

Chancellor scraps Treasury review of the tax system A Treasury review of the tax system that was designed to make Britain more competitive has been quietly scrapped by Chancellor Jeremy Hunt, sources have revealed. The [...] continue reading