Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 23rd May , 2022

CGT increases by £5bn in two years Official figures from HMRC show the amount of Capital Gains Tax (CGT) collected by the Government rose from £9.8bn in 2019/20 to £14.9bn in 2021/22. Sean McCann at NFU[...] continue reading

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

Britons face £7.5bn stealth tax hit Taxpayers are set to pay more than £7.5bn in ‘stealth taxes’ this year due to surging inflation and a freeze on tax brackets. Chancellor Rishi Sunak has frozen [...] continue reading

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

One in five pulled into higher tax bands Analysis of official figures by pensions consultancy Lane Clark & Peacock (LCP) shows that one in five workers will be paying higher or top-rate tax by the next general electi[...] continue reading

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

Rate-setter warns of persistent inflation Michael Saunders, a member of the Bank of England’s rate-setting monetary policy committee, has echoed concerns recently raised by Andy Haldane, the Bank’s former ch[...] continue reading

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