Business groups publish New Year wish list

posted by 4 years ago in News

The introduction of export vouchers and a review of pensions for the self-employed are just two points on a New Year wish list published by the Small Business Taskforce.

The group of 14 organisations supporting small businesses, including Enterprise Nation, the Bright Ideas Trust and Social Enterprise UK, has published a ten-point wish list they hope will strike a chord at the heart of government.

The taskforce was set up post-Brexit out of a concern that small businesses were not being sufficiently supported in Whitehall.

Other priorities include confirmation of long term residence rights of people currently working in the UK, a more positive portrayal of the role of small businesses and the self-employed and greater consultation with small businesses.

Clarification of business support including that previously propped up by EU funds was also high on the agenda. Earlier this week, in her speech about Brexit, Theresa May stated that the UK will leave the single market and will no longer pay “vast” amounts of money to the EU when we leave, but that the UK may make “appropriate contributions” to some parts of the EU budget.

The taskforce also calls for exemptions to HM Revenue & Customs’ Making Tax Digital initiative, particularly for the smallest businesses. They recommend a higher exemption limit than the turnover threshold of £10,000 in the published consultation document.

Emma Jones, founder of Enterprise Nation and group spokesperson, said:

“We know that government plays an important role in creating the right culture and environment for small businesses to flourish. There are 5.3m businesses in the UK and around 99% of them are SMEs. Acknowledging their important contribution and listening to their concerns will be critical in 2017.”

Throughout 2017, the group will work on a number of issues including tax, international trade, education and procurement.