Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 20th October , 2022

Chancellor reverses two-thirds of mini-Budget tax cuts Chancellor Jeremy Hunt has announced that the Government will reverse "almost all" of the tax cuts set out in last month's controversial mini-Budget. He said the mea[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 19th October , 2022

The UK economy is expected to be in recession until summer 2023, according to the latest EY ITEM Club forecast High energy prices, elevated inflation, rising interest rates and global economic weakness mean the UK[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 18th October , 2022

Lender launches new £300m funding plan for fintech SMEs The data-driven lending firm Channel Capital Advisors has launched a new £300m funding plan for fintech SMEs. The fund, which has backing from global in[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 17th October , 2022

Time for a U-turn on IR35 freelancer tax rules Edward Troup, former executive chair of HMRC, says Kwasi Kwarteng’s backtracking on the enforcement of the so-called IR35 rules “does nothing for growth and unde[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 14th October , 2022

Time to Pay agreements become more expensive More than 850,000 taxpayers using Time to Pay agreements to pay their tax bills will have to pay more interest due to the hike in the Bank of England base rate. People paying[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 13th October , 2022

Treasury confirms cut to dividend tax The Treasury confirmed on Tuesday that it will reduce the rate of income tax on dividends. The move was announced by Chancellor Kwasi Kwarteng during his mini-Budget and will see th[...] continue reading