Business advice for motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 22nd November , 2023
The Autumn Statement today has announced that the overhaul of R&D relief will go ahead from April 2024 merging the two systems and reducing the intensity threshold from 40% to 30% for SMEs with a soft landing [...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 22nd November , 2023
IHT receipts on track for record high New data from HM Revenue & Customs show inheritance tax receipts from April to October came in at £4.6bn, up £500m on the same period last year. The 12% rise means t[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2023
Tax system hinders small business growth Dan Neidle, the founder of Tax Policy Associates, says the UK's tax system poses a major obstacle to small business growth, particularly due to the VAT threshold. He highlights th[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 20th November , 2023
Taskforce: Corporation tax cut would boost economy by 3% Cutting corporation tax would deliver a long-term boost to the UK economy worth 3% of GDP, according to a taskforce set up by former Prime Minister Liz Truss. A Gr[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 17th November , 2023
HMRC chief in tax arrangements warning HMRC chief executive Jim Harra has warned MPs that the tax authority does not know exactly how many people are set to face more complex tax arrangements. With it esti[...] continue reading
posted in Business advice for motorsport businesses by Phil Harris on 16th November , 2023
Tax office faces customer service crisis Some taxpayers have been waiting more than three years for answers from HMRC about their finances. Analysis shows that 3,245 taxpayers who sent letters to HMRC's customer service [...] continue reading