Two thirds of private business owners do not believe that the UK’s tax regime
supports and encourages enterprise, a PricewaterhouseCoopers study has found.
The Enterprising UK survey found that despite the wide range of tax reliefs
available to them, and measure introduced in this year’s Budget, just 33% of
business owners felt the UK tax system encourages enterprise.
The research also found that 84% of those surveyed felt a more effective
voice within government would help in supporting enterprise in the future.
“Private business is calling for a stable, certain tax environment in which
to conduct their business successfully,” said Mary Monfries, head of UK private
business at PwC.
“Reducing tax rates would be a challenge in the current economic climate, but
a reduction in the rate of change and uncertainty should be easier to deliver.
“Private businesses are not looking for a crutch from government – an
overwhelming majority are taking active steps to help themselves in managing
through the recession. However, they do want a more effective voice.”
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states