Exploring attitudes to growth and tax
Welcome to our second edition of Backing business growth study, which explores attitudes to growth and tax amongst UK SME and Mid-Market businesses.
We surveyed 1000 companies with an annual turnover of £10m to £750m – a group which is often overlooked in the debate about tax. We wanted to understand how they viewed things and how they engaged with the system, whether it supported their growth plans and whether it was being used as the Government intended.
While the results are consistent with last year’s in many areas, there are also some significant shifts in thinking. Businesses do not always see clear connections between the tax system and growth drivers, and plans for growth alter companies’ perceptions of tax as an enabler.
Key findings from the study include:
© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.