"Rachel Reeves talks about growth - but her tax policies still punish the entrepreneurs driving it," says FFT Chartered Accountants
Briefly

The government is accused of sending mixed messages to entrepreneurs, with rising tax burdens and increased compliance hindering small businesses. Despite claims of support from politicians, reality showcases frozen personal tax thresholds and increased Corporation Tax, impacting SMEs negatively. Entrepreneurs face challenges with R&D tax relief, which has become complex and risky due to recent changes and heightened scrutiny. This deters genuine innovation, leading many business owners to question the viability of operating in the UK.
Politicians love to talk about supporting entrepreneurs, but the numbers tell a different story. Personal tax thresholds are frozen, Corporation Tax has risen, and accessing R&D relief - which is supposed to incentivise innovation - has never been more complex or uncertain.
Entrepreneurs take all the risk, create employment, and drive innovation - yet they are the ones left footing the bill while the government chases headlines.
R&D tax relief should be a straightforward incentive. Instead, it's become a fragmented, risk-laden process. We have clients who are genuinely innovating, but they're reluctant to claim for fear of a costly and stressful investigation.
Read at Business Matters
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