Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 13th July , 2023

Threshold freeze to hit 1.5m more workers than forecast New calculations by the Centre for Economics and Business Research show that 4.2m workers will become basic rate taxpayers because of the freeze on tax thresholds, [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 12th July , 2023

Economy grew by 0.1% in Q1 - ONS Office for National Statistics (ONS) data shows that the economy grew by 0.1% in Q1. The report, which offered a more thorough analysis of figures released in May, shows that GDP was up b[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 11th July , 2023

HMRC plans to increase the use of artificial intelligence and machine learning to target tax evaders and non compliant taxpayers   The latest three-year IT and digital strategy has set out priorities for the tax a[...] continue reading

posted in Business advice for motorsport businesses by Phil harris on 27th June , 2023

Small motorsport firms hit by rate rises The Sunday Times’ Jill Treanor looks at the impact increasing interest rates are having on small firms. Craig Beaumont, head of external affairs at the Federation of Small B[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th June , 2023

EU red tape penalises small firms A new report by the Independent Business Network (IBN) has called for the scrapping of dozens of EU rules that it says are penalising small firms including motorsport businesses. The rep[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 23rd June , 2023

Tax Freedom Day lands later than ever Analysis by the Adam Smith Institute shows that UK workers have finally seen Tax Freedom Day, the first day of the year that earnings are no longer earmarked for HMRC. The report say[...] continue reading