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 Thank you for taking the time to respond to our e-survey focussing on the New Chancellor. It was a record response and the data that we received certainly delivers your views as a smaller business.
Here are some of the findings:
69% of smaller businesses did not think that Gordon Brown ran the economy in a way that was beneficial to their business, 17% did.
42% of smaller businesses want the Chancellor to focus on Reducing the Tax Burden.
Top 10 actions that respondents stated would be very helpful to smaller businesses:
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72% Reducing employers' National Insurance (NI) contributions
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57% Increasing Small Business Rate Relief (SBRR) thresholds
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56% Abolishing Insurance Premium Tax on compulsory insurance
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55% Restoring retirement relief on Capital Gains Tax
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54% Continuing to simplify small firms' auditing requirements
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53% Introducing minimum size thresholds into regulations and inspectorates to reduce the regulatory burden on smaller businesses
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53% Extending first year capital allowances to ALL plant and machinery
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48% Reversing the decision to increase Corporation Tax for small businesses from 19% to 22%
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47% Reducing compliance reporting requirements
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47% Integrating the administration of NI and PAYE
Click here to view the full results of the new Chancellor survey |
