PBR05: Mixed bag for mid market says KPMG
Pre-Budget report produces mixed bag for the mid-market, says KPMG
The mid-market has profited from the PBR, according to KPMG, but changes only
amounted to ‘tinkering around the edges’ for making the UK a better place to do
Middle market tax partner Tom McGinness welcomed the further extension of R
&D tax credits by creating national innovation centres, and more flexible
VAT arrangements for startup companies.
But changes did not go far enough to ‘meaningfully’ reduce compliance
requirements for the mid-market.