What we stand for

FCS TAX REFORM POSITION

  • The UK corporation tax rate must continue to be steadily reduced to a level that will encourage UK businesses to invest in long term growth, and encourage inward-investment from international businesses.
  • The UK Employers National Insurance rate should be reduced pro-rata to the employer’s new mandatory commitment to contribute to an auto-enrolment employee pension scheme.
  • The principle of taxing employers on head-count via mechanisms like the Apprenticeship Levy should be scrapped:  business, not government, is best placed to determine what investment is necessary to recruit the right individuals.
  • A robust tax incentive for innovation that is permanent, simpler to claim, and supports investments by both large and small businesses must be included in any comprehensive reform.