TaxCorporate TaxTax system encourages business, says HMRC

Tax system encourages business, says HMRC

Research shows that 88% of large businesses are positive on the UK tax system

Large businesses is very happy with the UK’s tax system and sees the benefits
it offers as a key reason for doing business here, a study commissioned by HM
Revenue & Customs has found.

Interviews with more than 650 large businesses found that 88% of the
companies felt the UK was a good place to do business and that tax was a
significant reason for that view. Only 7% said the UK was not a good place to do
business, citing tax as a significant factor.

The findings will be a major boost for HMRC, which has made a concerted
effort to improve its relationship large businesses through the Varney Review.

The survey also found that 68% of the large businesses interviewed were
satisfied with HMRC’s service levels and that one in five had seen an
improvement in HMRC’s service over the last year.

The study did, however, find areas in need of improvement, with the vast
majority of business calling for HMRC to take commercial needs and into account,
provide certainty in tax affairs, deal with businesses consistently, seek a
co-operative relationship with business and be ‘a joined-up organisation’.

Further reading:

Read
the full research results here

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