Business advice for motorsport businesses

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

HMRC extends MTD to landlords and sole traders As of 2027, HMRC will extend its Making Tax Digital (MTD) programme to landlords and sole traders with income over £30,000. All businesses and landlords earning over &[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 29th February , 2024

Scrapping IHT would boost GDP more than income tax cuts Analysis by the Growth Commission suggests that abolishing inheritance tax would deliver a bigger increase in per capita GDP than an equivalent cut to income tax. A[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 28th February , 2024

Stealth taxes set to add over £100bn to tax burden Stealth taxes are projected to increase the tax burden by over £100bn by the end of the decade, according to the Institute for Fiscal Studies (IFS). The IFS [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 27th February , 2024

The latest inflation figures have just come out and inflation remains unchanged at 4%. Last month, with inflation at that level, the Bank of England left interest rates unchanged so they will probably do the same thing t[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th February , 2024

HMRC probes into the wealthiest 'tax dodgers' halved The number of civil investigation cases opened by an HMRC fraud unit investigating offshore, corporate and wealthy taxpayers has fallen by more than half in five year[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 23rd February , 2024

UK high taxes hurting single-earner families Families with one stay-at-home parent are taxed more in Britain than almost any other advanced country in the world, a report has found. The UK ranks 26th out of 32 nations i[...] continue reading