Businesses struggle with tax compliance
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Businesses struggle with tax compliance

posted in Business by Phillip Harris on 09:07 Jul 25th, 2018

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 Businesses struggle with tax compliance burden

Research from the British Chambers of Commerce and Avalara show that the vast majority of UK businesses feel the burden of complying with tax regulations has escalated in recent years, with three in four saying the cost had increased compared to five years earlier. According to the survey, 64% of businesses said that VAT created the biggest administration, a finding mirrored in the responses of firms across all sizes and sectors. The BCC is urging ministers to reduce the complexity of current tax regulations and facilitate additional support from HMRC for companies trying to stay compliant, with a particular focus on SMEs.

Source: The Scotsman (25/07/2018)    

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