The Forum of Private Business polled its members to record attitudes on Coalition-implemented tax changes as it reaches the mid-point of its five-year term of office.
Overall, the changes were seen to be negative in terms of resolving issues around fairness, simplicity, efficiency, stability and certainty in the tax system.
In total 28 per cent of business owners said they thought the fairness of the tax system had deteriorated, compared to 17 per cent reporting an improvement. A quarter thought it had become more complex, opposed to 14 per cent saying it has simplified. And dealing a blow to HMRC, over a quarter said the efficiency of the tax system had got worse. Just 10 per cent thought it had improved.
This latter point raises concerns about how HMRC will cope with Real Time Information (RTI) when it comes into being in April.
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Susie Hughes © Shout99 2013