Perspectives on Fair Tax

Perspectives on Fair Tax

Does Tax Help or Hinder Small Businesses?

Small and Medium Sized Enterprises (SMEs) represent over 99% of UK businesses, but research from ACCA (the Association of Chartered Certified Accountants) shows that the ability to alter their established form when the economic environment changes can be the key to continued success. ACCA’s research paper Perspectives on Fair Tax (244k PDF) indicates that in the midst of the current economic stormy weather, many small businesses are having problems aside from the need to shape-shift, as the complexity of the UK’s tax regime adds to their difficulties. Specific areas marked as unfair were: the increasing role of employers acting as tax collecting agents for government retrospective changes to the tax system stealth taxes – such as the failure to index link thresholds and a... »