UK SMEs paid £32bn corporation tax bill last year
UK small businesses, excluding financial services businesses and North Sea oil and gas companies, paid a record £32bn in corporation tax last year, an 8% increase on 2014/15, according to research from Funding Options. Conrad Ford, CEO of Funding Options, has called on the government to ease the tax burden on small businesses. “Small businesses are an engine of growth and new jobs – the government should be doing all it can to foster a business culture that allows SMEs to thrive,” he said.
Source: Startups (06/09