Nearly 500,000 SMEs say they have missed tax payment deadlines in the past three years with 19% of them admitting to missing five or more in the past 12 months, according to new research Premium Credit. The study with SME owners and managers found 9% of the UK’s 5.487 million SMEs have missed tax payment…
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Confidence among British businesses has significantly declined due to Labour’s tax policies, according to a survey by the British Chambers of Commerce (BCC), revealing that 56% of firms are worried about their tax burden. While price rise expectations have eased back from near historic highs in Quarter 1, tax remains the biggest concern cited by…
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Tax compliance costs small businesses nearly £25 billion a year, while three in five small business owners report that dealing with HMRC has increased their personal stress, according to a new report by the Federation of Small Businesses (FSB). The report counts the demands—in terms of stress, time, and financial costs—on small business owners when…
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New research by Premium Credit has seen strong growth in the volume of funding and number of customers it supports through its tax and VAT funding proposition, which allows companies and business owners to spread the cost of their VAT, corporation tax and self-assessment tax payments. The research found that in 2023, the total amount…
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