Business advice for motorsport businesses

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

Small firms struggling to keep their heads above water Research by Bibby Financial Services has found just under two in five SMEs were “just about breaking even” with the economic environment causing “f[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 16th May , 2022

HMRC receives record high £157bn from VAT HMRC collected a record £157.2bn from VAT bills in 2021/22, a 55% increase on the £101bn collected the year before. The rise comes after the hospitality sector[...] continue reading

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

BCC: Reverse NICs hike to relieve costs burden The British Chambers of Commerce (BCC) has called for an "emergency budget" and the reversal of the recent increase to National Insurance Contributions to help reduce cost p[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 12th May , 2022

UK Treasury looks into replacing capital spending allowance The Treasury has launched a consultation into replacing the “super-deduction” allowance that ends in April 2023, but Anita Monteith at the ICAEW do[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 11th May , 2022

BoE raises rates and warns of recession The Bank of England has increased interest rates to the highest level in 13 years and warned that the cost of living crisis could push the economy into recession this year. The Ban[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 10th May , 2022

Families see £608m bill for IHT Official figures obtained by the Daily Telegraph show that close to 2,000 families have been ordered to pay back millions in IHT over the past five years by HMRC, falling foul of so[...] continue reading