Business advice for motorsport businesses

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

Little-known IHT loophole could save families millions The Telegraph’s Charlotte Gifford reports on a little-known loophole that saved 430 families £67m in death duties last year. The “normal expenditu[...] continue reading

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

Capital gains tax take overtakes stamp duty Britons are paying more capital gains tax than stamp duty for the first time in 15 years. Taxpayers last year paid a record £18bn in taxes on investment profits, £3[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 10th May , 2023

HMRC ‘in disarray’ amid delays and fraud losses Charlotte Gifford in the Telegraph says HMRC is “in disarray,” accusing the tax office of failing in its primary tasks of “chasing those who [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 09th May , 2023

Business confidence climbs Business confidence has reached the highest level since May 2022, according to the latest monthly sentiment index by Lloyds Bank. Confidence reached 33% in April, marking a slight increase from[...] continue reading

posted in Business advice for motorsport businesses by Phil harris on 05th May , 2023

Higher tax rates are disincentivising work Research by Policy in Practice finds that about 120,000 households are paying more back in tax and the clawback of benefits for every extra pound they earn above £50,270 [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 04th May , 2023

Inheritance tax take soars to £7.1bn The number of families paying inheritance tax has reached a 20-year high, with HMRC figures showing that around 41,000 are now liable to pay IHT. This marks a 24% increase on th[...] continue reading