Business believes UK tax system is 'fundamentally unfair', research suggests

23 Apr 2019

According to research published by the British Chambers of Commerce (BCC), businesses believe that the UK tax system is 'fundamentally unfair'.

The BCC polled more than 1,000 businesses, and found that 58% of firms believe that the tax system is 'unfair to businesses like theirs'.

67% of firms 'don't believe HMRC applies tax rules fairly across all sizes of business', the research revealed. Additionally, 64% of respondents stated that they disagree that HMRC applies tax rules fairly, regardless of where the business is domiciled.

The BCC has urged the government to 'improve HMRC's service to business'.

'These results reflect a strong impression among businesses that the current UK tax regime isn't a level playing field,' said Suren Thiru, Head of Economics at the BCC.

'HMRC must step up efforts to provide better support to smaller businesses to get their tax right, rather than simply pursuing and enforcing penalties. This should include matching investment in frontline HMRC help towards small and medium-sized enterprises (SMEs) with their work on non-compliance and tax evasion.

'More also needs to be done to address the escalating burden of upfront costs and taxes to provide firms with much-needed headroom to get on and invest, train their staff, and compete on the global stage.'

As your accountants, we can help you to minimise your tax liability. For more information, please contact us.


xero quickbooks.png sage.png kashflow.png
Copyright

© 2024 Mark J Rees LLP. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0116 2549018

Address
Mark J Rees LLP, Granville Hall, Granville Road, Leicester, Leicestershire LE1 7RU

Mark J Rees LLP is a Limited Liability Partnership Registered in England & Wales Number OC362074. A list of members’ names is available at the business address. MJR, Mark J Rees and MJR Wealth Management are trading styles of Mark J Rees LLP which is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and authorised and regulated by the Financial Conduct Authority.

‘Partner’ refers to a director of a corporate member.