Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 08th July , 2022

Extra 1.2m pensioners forced to pay tax since the last election Official figures suggest that more than 400,000 pensioners will be forced into paying income tax this year due to a freeze on thresholds. Analysis from cons[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 07th July , 2022

Wealthy flee as tax raids take their toll Thousands of wealthy people have left Britain in the last five years, with experts saying this comes amid a surge in inheritance tax bills and repeated raids by chancellors.[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 06th July , 2022

2m more people face higher tax rates since 2019 HMRC figures show that nearly 2m people have been dragged into the higher and additional rates of tax over the past three years. It is forecast that 6.1m people will be pay[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th July , 2022

Chancellor rebuffs demands for cut to corporation tax A scheduled rise in Corporation Tax in the autumn Budget will go ahead, the Chancellor has said, resisting a call from Tory backbenchers and reportedly Boris Johnson [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 04th July , 2022

“We have got to cut taxes to get out of this downturn,” says CBI president Lord Bilimoria, the outgoing president of the Confederation of British Industry (CBI), has warned that Britain is definitely heading[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 01st July , 2022

Inheritance tax take soars The tax take from inheritance has increased by nearly 10% year-on-year, new figures revealed on Thursday show, spurring renewed calls for thresholds to be unfrozen. The Treasury received a &po[...] continue reading