The FSB has unveiled its six key principles for a general election year. The organisation has highlighted the need for candidates to acknowledge the small business owner as a voter and that a commitment to fairer and simpler taxes could be the key to millions of votes.
Taxation is one of the FSB's six key principles that emerged following research among members. A dedicated election email address was set up to allow the FSB’s 185,000 members to feed in their election priorities.
Red tape, employment law and crime all proved to be major concerns for business owners. However, a commitment to fairer and simpler taxes for small businesses promises to be a clear vote winner.
FSB National Chairman Carol Undy said, "With an average of 6,000 small businesses per constituency, would-be politicians would do well to listen to entrepreneurs.
"Our snapshot suggests that taxation will have the biggest influence over which box business owners tick. Tax cuts will be important at the forthcoming election but small businesses also want a taxation regime that is fairer and less brutal."
On tax, the FSB is calling on political parties to commit to:
- A £10,000 tax-free allowance for firms irrespective of status
- The state, not employers, to administer all benefit payments
- A full review of the Climate Change Levy
- The abolition of the IR35 legislation
- VAT free movement of goods between registered traders
- All business premises with a rateable value of less than £25,000 to benefit from small business rates relief
- Gross payment for small contractors under the Construction Industry Scheme
- The UK to resist further tax harmonisation across the EU and to remain outside the euro-zone.
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Federation of Small Businesses