Tag: tax compliance
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Growth talk is cheap while compliance costs £25bn a year
The government wants to talk about growth. Business Mentoring Councils, apprenticeship funding, rate cuts for pubs — all announced with the same message: we’re backing small business. Meanwhile, the Federation of Small Businesses has put a number on the thing quietly working against all of it: tax compliance now costs the average small business owner…
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What tax compliance really costs your business — and where the time and money goes
If tax admin feels like it’s eating more of your week than it used to, you’re not imagining it. According to the Federation of Small Businesses (FSB), the average UK small business now spends £4,500 and 44 hours a year just staying compliant with the tax system — up around 10% since 2021. Multiplied across…