The new UK Government 2010 has a lot of work to do. The financial meltdown, and the ensuing Global economic crisis has only been averted by massive Quantitative Easing, by all the major world economies, especially in the UK.
Whilst I am in little doubt that such drastic intervention was probably necessary, it has the effect of moving UK Tax Revenues to pole position in UK Government priorities. This brings me to the key point of the article: Are you aware or did you realise that Tax Payers in the UK Home Counties (see list below) pay significantly MORE TAX than other parts of the UK, according to recent research by Accountancy firm UHY Hacker Young (Tax Map).
1. Buckinghamshire, 2. Essex, 3. Hertfordshire, 4. Berkshire, 5. Middlesex, 6. Kent, 7. Surrey, 8. Sussex (East), 9. Sussex (West).
All the more reason for business owners to get in contact with their Business Accountant, if they haven’t got a good one then they should use a free online service like Accountant Now to find one, and ask them for business advice and assistance regarding their tax liabilities. There may be opportunities in their business to be more tax efficient. Good accountants constantly keep up to date and invest substantially in tax research to keep their clients one step ahead of the UK Treasury, who does not always have Uk entrepreneurs and their best interests at heart. Yet it is the the UK Government who often look to UK Entrepreneurs to spearhead growth.