We offer a range of high quality accounting, financial and business services in and around Milton Keynes.

Business leaders call on Chancellor to review UK tax system

20 Jun 2018

In a letter to Chancellor Philip Hammond, leaders of some of the UK’s most prominent business associations have urged the government to undertake a review of the so-called ‘tax burden’ that faces the finance industry and UK entrepreneurs.

The letter, which has been signed by such groups as UK Finance, the Association of British Insurers (ABI), the Investment Association and TheCityUK, urges the Chancellor to back reforms designed to boost the UK’s competitiveness during the Brexit period.

It also calls for Mr Hammond to prioritise the creation of a new forum, to be made up of the finance sector, industry regulators and the government, and to provide ‘more support’ to financial services businesses located outside of London.

The letter states: ‘There is a clear indication from international investors and firms that they would welcome stability, certainty and streamlining of the UK’s tax system.

‘With regard to the levels of taxation, it is important that the UK remains competitive, and an independent review and analysis of aggregate levels of taxation, coupled with a benchmarking exercise against comparable jurisdictions, would be welcome.

‘This should focus not only on corporates, but also on the tax attractiveness of the UK to entrepreneurs, especially in financial technology.’

Register

Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.

Learn more

Tax Calendar

Our handy tax calendar provides an overview of the key tax dates for your diary.

Learn more

Calculators

B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.

Learn more

Home | About us | Contact us | Logon | Register | Accessibility | Disclaimer | Help | Site map |

© 2024 B2B Business Advisors Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Chartered Tax Adviser

Registered in England, Company Registration number – 7906656. Registered Office – 58b High Street, Stony Stratford, Milton Keynes, MK11 1AQ. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.