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 ... »
