Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 27th April , 2022

As many as one in four SMEs across the UK will struggle to cover their payroll costs from April this year, according to a recent survey of accountancy professionals. It is understood that incoming increases to Nat[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th April , 2022

Inflation hits 30-year high Office for National Statistics (ONS) data shows that inflation hit a 30-year high of 7% in the year to March. This marks the highest level of inflation since the 7.1% rate recorded in March 19[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 25th April , 2022

IMF cuts economic growth forecast The International Monetary Fund (IMF) has warned that the cost of living crisis and Russia’s invasion of Ukraine will slow Britain's economic recovery from the pandemic. Warning th[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 22nd April , 2022

One in four workers unaware of NI hike Research has found that 38% of people are not aware of this year's changes to National Insurance. This month sees NI payments increase by 1.25%, while from July the NI payment [...] continue reading

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