Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 01st April , 2024

Higher earners net Treasury an extra £4.7bn Higher earners paid an extra £4.7bn to the Treasury last year due to the erosion of the personal allowance, which traps 1.35m workers in the 60% tax band. The pers[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 25th March , 2024

HMRC to close phone lines every year for six months HMRC has decided to close its phone lines over the summer every year after a trial run last year. Over the period - from April 8 until September 29 - taxpayers will be [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 18th March , 2024

Rally North Wales photo courtesy of Black Mountains Media It was an arduous day in the forests of North Wales. Low clouds, intermittent heavy rain, treacherously slippery tracks that were badly rutted and full of deep po[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 13th March , 2024

This year’s tax cuts dwarfed by last year’s increases Analysis by the Resolution Foundation suggests that while last week's Budget will mean a net tax cut of £9bn is taking effect this year, this is dw[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th March , 2024

Ever wondered why we have a Budget each year and why the tax year end on the illogical date of 5th April? Well, the reasons are rooted deep in history, and the reasons for some cornerstones of the tax system now seem irr[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 04th March , 2024

140k small business accounts debanked last year High street banks shut over 140,000 accounts held by small businesses last year, raising concerns about debanking. The closures accounted for 2.7% of the 5.3m business acco[...] continue reading