Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 01st June , 2023

Small businesses plan to raise prices amid inflationary pressures The number of small businesses planning to increase prices to their customers is set to rise dramatically this quarter, according to a new quarterly analy[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 31st May , 2023

Fiscal drag will equal 10% tax hike for lowest earners New research by Interactive Investor has found that fiscal drag will cost British taxpayers the equivalent of a tax increase of about 5% for most earners by 2028, a[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 30th May , 2023

Baldwin: ‘Perverse’ tax system means work doesn’t pay Britain's tax system contains "perverse" incentives and punishing levies that require reform, Harriett Baldwin, chair of the Treasury Select Committ[...] continue reading

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

Threshold freeze ‘the ultimate stealth tax’ The Government's decision to freeze personal tax thresholds for the next five years will drag millions of middle-income earners into the 40% tax bracket. In the ear[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 25th May , 2023

HMRC under pressure as backlog mounts Accountants have warned of chronic delays at the tax office, with taxpayers waiting for up to a year for help from HMRC. Analysis shows that waiting times on the self-assessment help[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 24th May , 2023

Stealth tax raid equivalent to a 10% rise in income tax The Chancellor’s freeze on income tax thresholds could drag 4m more people into paying 40% or more on their earnings by 2028. Calculations by the broker Inter[...] continue reading