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Press Release

FSB welcomes proposals to simplify business taxes

19 October 2006

The Federation of Small Businesses (FSB), the UK’s largest business organisation, has welcome proposals by The Tax Reform Commission to simplify business taxes.

The commission, chaired by Lord Forsyth, has proposed reductions in business tax rates and simplifications to the tax system as a whole, which would be beneficial for the UK’s 4.3 million small businesses.

The current complexity of the tax system leaves many small businesses confused about their obligations and unsure of the benefits and incentives that are available.

John Walker, FSB Policy Chairman, said:

“The FSB will support proposals to simplify taxes for small businesses in the UK no matter which political party they come from.

“Small businesses have far less time and far fewer resources than their big business counterparts to handle complicated tax calculations.

“If proposals such as these were implemented, small businesses would be freed up to generate more wealth and employment for the UK economy, to which they already contribute over fifty percent of GDP.”



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Federation of Small Businesses

Federation of Small Businesses

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