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Harris & Co motorsport accountants have a long history of supporting up coming drivers
Tax investigations haul
posted in Business advice for motorsport businesses by Phil Harris on 14th January, 2025
Extra funding for HMRC has raked in £45.7bn in tax probes in 2024, a £10bn rise from the previous year, while over £10bn more in VAT may yet be recovered from large businesses Some 5,00 [..] continue reading
Further tax raids
posted in Business advice for motorsport businesses by Phil Harris on 08th January, 2025
Further tax raids loom Economists predict that Labour will need to implement further tax increases before the next general election due to weak economic growth during its tenure. A survey of 96 experts indicat [..] continue reading
Tax take woes
posted in Business advice for motorsport businesses by Phil Harris on 01st January, 2025
Economists have warned that Reeves’ inheritance tax raid will cost the Treasury over £1billion more than it makes. Analysis by CBI Economics shows the Treasury has ‘underestimated the [..] continue reading
Higher taxes
posted in Business advice for motorsport businesses by Phil Harris on 18th December, 2024
Workers brace for higher taxes Workers in the UK are set to face an additional tax burden of up to £4,000 next year due to changes announced in the Budget. The adjustments include higher capital gains tax [..] continue reading
WFH costs taxpayers
posted in Business advice for motorsport businesses by Phil Harris on 11th December, 2024
Post-pandemic WFH costs £100m in tax reliefs Since the end of pandemic lockdowns, the public purse has lost £100m due to tax breaks for home workers, with an estimated 300,000 claimants in 2023/24, [..] continue reading