The Simplification of the Corporation Tax Computation Report announced today by the Office of Tax Simplification will be welcomed by the small business community according to the Forum of Private Business.

Tax simplification has been at the heart of the Forum’s lobbying on behalf of business. It featured heavily in the Forum’s ‘Post Brexit Plan’, the ‘Election Wish List’and the ‘ Get Britain Trading’ initiative.

Commenting on the announcement, Ian Cass, Chief Executive of the Forum said, ‘Calculating and paying tax has long been one of the biggest headaches for a small business. The Forum has been campaigning strongly for a material simplification of the tax system, and we are delighted that the OTS has listened to, and acted on, the feedback from Forum members on how to make their lives easier.

Businesses have been concerned that the move towards digital tax would add complexities to an already complex area, and we hope that this genuine commitment towards simplification will be seen as a good move in the right direction by a Government starting to recognise the importance of the SME sector.’

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About Forum of Private Business

The Forum of Private Business is a not-for-profit comprehensive business support organisation founded in 1977. Our membership is spread throughout the UK and primarily made up of companies that employ between 1-50 employees, helping them to manage employees, saving time, giving advice, support and protection where a business needs it.

We are a recognised leading authority on business issues and represent the interests of business owners on many consultative bodies. We have built a solid reputation, being influential in many areas of policy-making, in changing laws that affect small businesses, and we continue to campaign for the fair treatment of businesses within the UK.

Everything we do is about making sure our members’ businesses operate profitably. This means that every penny we make goes back in to supporting our members, providing the support and resources that will enable businesses to flourish and grow.