A survey carried out in May of this year on behalf of the Tenon Forum has found that some 53% of the UK's SMEs expect corporate tax levels to rise over the current governmental term.
The Tenon Forum is an independent think tank made up of leading entrepreneurs from the UK’s small and medium-sized business community. The Tenon Forum Think Tank meets to analyse issues arising from a regular survey.
According to the results of the most recent survey, SMEs in the transport and communications sector are the most pessimistic with regard to their tax prospects in the near future, with 60% predicting an increase in corporate taxes.
Speaking last week, chairman of the Forum, Richard Kennet observed that:
"An increase in corporation tax will undoubtedly have an impact on margins, which could have quite severe repercussions for smaller firms. This research reflects the widespread belief that businesses will have to contribute more to meet public spending commitments."
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment