The UK has an overly complicated tax system. Small businesses often face high costs and spend long hours meeting their tax obligations. Time and money we argue could be better spent running their businesses.
Our research shows 60 per cent of our members believe the tax system has a negative impact on their ability to invest and create jobs.
Action FSB have taken
- We’ve regularly called on the Treasury to simplify the tax system.
- We make recommendations to Government on how to simplify the current system, based on member’s evidence.
- We want the Office of Tax Simplification (OTS) to be made permanent.
We want the amount of time and money small businesses are spending meeting their tax obligations, to dramatically reduce. Making the tax system as easy as possible to use, at every part of the process, is fundamental in reaching this objective.