At the time of the 2004 pre-Budget report, in December of that year, HM Treasury published a discussion paper on Small Companies, the self-employed and the tax system. After some talk about targeted tax incentives for small business, and expressing the view that everyone should pay the right amount of tax, it went on to suggest that the creation of HM Revenue and Customs presents an opportunity to look at the way small businesses interact with the tax system more strategically. The government believes that this paper provides the starting point for discussion with interested parties, focusing particularly on the strategic issues raised by the approach in the tax system towards self employment and the remuneration of owner-managers of small incorporated and unincorporat...
Whatever happened to the review of small business taxation? By Simon Sweetman
6th Jan 2008