Exploring attitudes to tax amongst SME and Mid-Market businesses.
According to the second edition of our backing business growth study, the majority of SME and Mid-Market businesses are planning for growth in 2019 but only a quarter of them see tax as a key enabler for that growth. An increasing number of these businesses say the tax system is too complex; only a quarter are making full use of it; and most agree that simplifying the way companies are taxed needs to be a top Government priority.
How can tax help you drive growth?
Businesses seem to agree on the best tax incentives for investment and job creation. However, opinion is more divided around initiatives to support other growth drivers including innovation, productivity and regional development.
What is clear is that high growth businesses are amongst the most engaged in our tax system and are also the most likely to be using the support available to enable their business plan.
These are just a few of the findings in our latest backing business growth study.
We surveyed 1000 companies with an annual turnover of £10 million to £750 million. We wanted to understand how they viewed tax policy and how they engaged with the system, whether it supported their growth plans and whether it was delivering the Government’s policy objectives.
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