Overseas markets

Government Called to Introduce Export Tax Breaks for Small Businesses

Forum of Private Business appeals to chancellor George Osborne as National Export Week begins The Forum of Private Business (FPB) has called upon chancellor George Osborne to introduce a tax break scheme to facilitate small businesses trading in overseas markets. Coinciding with the start of National Export Week (NEW), the FPB has stressed that exporting must be made easier for small and mid-sized businesses, with the forum proposing that the government introduce a tax scheme similar to corporation tax’s research and development relief. The FPB, which lists its proposals in its autumn statement submission, suggests reducing an eligible entrepreneur’s tax bill or providing export activity tax credits, which would increase along with the business’ overseas sales. This, the FPB believe, will ... »

US named Top Small Business Export Destination

Importance of exporting highlighted as 37% of small and mid-sized businesses hit growth ceiling in the UK after three years New findings released by Barclays named the US as the top export destination for UK small and mid-sized businesses, with 55% selling to the market. The survey, which examined the most popular UK export destinations, revealed that the US was closely followed by France (53%) and Germany (51%). European countries dominated the list, with Spain (42%), Netherlands (39%), Belgium (31%), Italy (37%), and Sweden (29%) all present. However, Australia and Canada also featured in the top 10 list with 33% of small and mid-sized businesses exporting to Canada and 26% to Australia. The report highlighted the important role of exporting for business growth as 37% of businesses reach... »