Knowledge

Two-thirds of micro-businesses feel the tax system is unfair

Posted on May 24th, 2016 | Tax

For Crunch Chorus we recently commissioned OnePoll to ask micro-businesses their views on how government and politics is serving them. The results show how much work there is to be done to establish confidence that those in public service have concern for the micro-business sector’s wellbeing.

Our research found a mammoth two-thirds of key decision-makers in micro-businesses say that the tax system doesn’t treat businesses of all sizes equally and fairly. Just one in 10 business owners surveyed are satisfied with the way the tax and benefits system treats the country’s smallest firms.

With 8.4 million people working in the micro-business sector, this level of dissatisfaction should be a wakeup call for the future of how tax policy is planned. Clearly recent plans such as the hikes in dividend taxes aren’t helping.

a new free business group exclusively to support and campaign for micro-businesses, Crunch Chorus is an important contribution to shifting the public debate in favour of the nation’s freelancers, contractors, sole traders and entrepreneurs.

*The research commissioned by Crunch Chorus surveyed 500 decision makers within micro-businesses (companies with between 1 and 9 members of staff) across the UK from the 18 to 21 April 2016.

 

Join Crunch Chorus:
The free community for the self-employed

You'll get access to a range of benefits, such as invoice software, jargon-free business guides, great networking opportunities, discounts, plus much more

Written by Jason Kitcat

Useful tools and resources

Business guides

From understanding expenses to starting a limited company, we've a range of jargon-free business guides for you to download and keep.

Invoicing software and templates

Create, send and store sole trader invoices in a snap with our free invoice software. You can also download a selection of invoice templates for all business types.

Take-home pay calculator

Use our Take-Home Pay Calculator to work out your true earnings and see if you could save money with a different company set up.