Business advice for motorsport businesses

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

HMRC tax penalties hit record high The value of HMRC tax penalties surged by 25% between 2022 and 2023, with the £851m in penalties imposed between November 2022 and October 2023 marking a record high. The total wa[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 22nd January , 2024

1 in 3 higher-rate taxpayers missing out on pension tax relief Analysis by Interactive Investor suggests that a third of higher-rate taxpayers could be missing out on additional tax relief on their pension contributions [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 19th January , 2024

1m investors face dividend tax bills for first time More than 1m investors will pay tax on investment dividends for the first time from April as allowances are halved. Cutting the annual tax-free dividend allowance from [...] continue reading

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

Experts call for VAT threshold change The Government should consider raising the VAT threshold from £85,000 to £100,000 to remove the barrier to growth for businesses, according to a report by the Federation[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 17th January , 2024

Treasury to make £12.7bn from new global minimum corporation tax The Treasury expects to make nearly £13bn from the new global minimum corporation tax proposed by the Organisation for Economic Co-operation an[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 15th January , 2024

Global economy will slow again in 2024, World Bank predicts The World Bank says high interest rates, persistent inflation and sluggish trade will see the global economy slow for a third consecutive year in 2024. It has f[...] continue reading