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FSB in Scotland on Budget 2015 PDF Print E-mail
Wednesday, 18 March 2015

On the last budget before the General Election, Andy Willox, the Federation of Small Businesses’ (FSB) Scottish policy convenor, said: 

“There’s no doubt that this was a pre-election budget, but it contained some important practical measures.  No matter who triumphs in May, they’ll need to tap the potential of the UK’s small businesses to realise their ambitions.”
On scrapping the annual tax return and rates:
“We've long called for a simpler tax regime for small businesses and the self-employed. Today’s announcements are a welcome step towards developing a practical, modern tax-regime fit for how we do business in the 21st century. The abolition of class 2 national insurance contributions is symbolically important – underlining the increasingly importance of the self-employed.
“Today we’re urging governments in London and Edinburgh to ensure that more devolution doesn’t result in more admin for small businesses. The Scottish Government should also modernise taxes currently devolved and pass the collection of business rates and council tax to Revenue Scotland.  Lastly, ministers in Edinburgh should commit to a business rates review run in parallel to the one launched by the chancellor. Most of the criticisms levelled at the English regime are equally applicable north of the border.”
On fuel:
“Every penny spent at the pumps is money not spent elsewhere in the economy. By keeping fuel affordable, the chancellor has helped to keep Scotland’s army of small business owners moving.”
On tax cuts for oil and gas and whisky:
“Reducing the tax burden for key industries should be good news for the sectors and the localities who depend on them. Ultimately, however, we need to make these communities more resilient to economic shocks by diversifying our local economies.”

(Source - FSB Press Release)


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