Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 22nd March , 2023

Inheritance tax (IHT) receipts in February totalled £531m, bringing in a record for the year so far at £6.4bn Total tax receipts for the year April 2022 to February 2023 totalled £722.6bn, which [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 21st March , 2023

Tax system reform call John O’Connell, chief executive of the Taxpayers’ Alliance, has called for fundamental reform of the tax system, saying the tax code is “riddled with such complexity that few mer[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 20th March , 2023

Wage inflation pushes thousands over the higher threshold Data from HMRC reveals the total number of workers paying the 40p rate of income tax has risen to 4m with fiscal drag carrying about 100,000 workers into higher-r[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 17th March , 2023

IFS: Higher taxes are here to stay The Institute for Fiscal Studies has warned that an era of low taxes is coming to an end. Paul Johnson, the director of the economic think-tank, says that with neither ministers nor the[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 16th March , 2023

Economy rebounds with January growth Figures from the Office for National Statistics (ONS) show that the economy expanded by 0.3% in January, with the rebound following a 0.5% contraction in December. While the data show[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 15th March , 2023

Stealth tax raid will cost workers £78bn by 2028 The decision not to increase income tax bands with inflation will cost taxpayers an estimated £78n in extra tax between 2022 and 2028, according to the Centre [...] continue reading