Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 21st April , 2022

Tax paid by high earners up 77% in a decade The income tax paid by high earners making £150,000 or more has increased by 77% in the last decade, with the total jumping from £34.5bn in the 2010/11 tax year to [...] continue reading

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

Britain should scrap non-dom tax status An editorial in the Economist calls for the UK to scrap non-dom status, arguing that only a small number of people would be discouraged from settling in the UK as a result while e[...] continue reading

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

Low consumer confidence hits sales growth Retail sales growth rose by 3.1% in March, significantly down on the 6.7% rise seen in February. The BRC data showed that like-for-like retail sales were down 0.4% against March[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 15th April , 2022

SMEs and manufacturers lament NICs rise Employers groups have said the rise in National Insurance would inflict pain for businesses struggling to recover from the shock to the economy caused by the pandemic. Martin McTa[...] continue reading

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

BCC: NICs hikes adds to severe pressures The British Chambers of Commerce has warned that the rise in National Insurance would add to already severe pressure from runaway inflation and soaring business costs. “[Th[...] continue reading

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

Families could pay £37bn in IHT in next five years The Office for Budget Responsibility’s economic and fiscal outlook suggests UK families could pay £37bn in inheritance tax over the next five years. Th[...] continue reading