Business advice for motorsport businesses

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

HMRC needs to improve compliance capability to crack down on abuse of the research and development (R&D) tax credit system, reports the House of Lords Economic Affairs Committee   The Committee reported that H[...] continue reading

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

Energy suppliers failing to pass on discounts British Gas and SSE Energy Solutions have both admitted that they have failed to pass on taxpayer-funded discounts to some of their small business customers, including many [...] continue reading

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

Dependency on benefits reaches an all-time high Analysis of Office for National Statistics by the Civitas think tank found that 54.2% of British households receive more from the state than they pay in taxes. The analysis[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 27th January , 2023

HMRC clampdown pushes R&D activity abroad An increasing number of British firms including many motorsport firms are moving their R&D activity abroad after a crackdown on tax fraud by HMRC led to delays in proces[...] continue reading

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

Chancellor warns not to expect tax cuts in March Budget Jeremy Hunt has warned Conservative MPs not to expect tax cuts in his March Budget. The Chancellor told colleagues it would be irresponsible to cut taxes at a time [...] continue reading

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

Nearly 1.5m people to be dragged into higher-rate tax Official projections by HMRC obtained by the Telegraph reveal almost 1.5m people (which will include many people in the motorsport sector) will be dragged into paying[...] continue reading