The Forum of Private Business is warning the 2008 Budget is likely to heap an unfair tax burden on small businesses.
The FPB’s Policy Representative, Matt Goodman said: “The FPB is urging the Chancellor to radically rethink many of his ideas, in particular his tax plans, which specifically disadvantage smaller businesses. Issues such as excessive legislation, unfair competition and the dearth in work-ready, skilled employees leaving education must also be addressed as a matter of priority.”
The Chancellor of the Exchequer, the Rt Hon Alistair Darling MP, will announce the Budget on 12 March.
The FPB is also calling for employers’ National Insurance Contributions to be reduced. The current NI exemption for holiday pay will be withdrawn from 30 October 2008.