Skip to main content

Businesses paid 'record amount' of corporation tax in 2015, figures suggest

27 Sep 2016

Small businesses in the UK paid a record high of £32.4 billion in corporation tax during 2015, data from Funding Options has revealed.

Figures from the online business finance supermarket revealed that businesses in the UK paid 8% more in corporation tax during 2014/15 compared to the year before.

UK businesses have been required to pay more in order to compensate for the reduced tax take from North Sea oil and gas.

Funding Options is calling for the Government to reduce the corporation tax rate for small and medium-sized enterprises (SMEs).

Conrad Ford, CEO of Funding Options, stated: ‘Reintroducing a lower corporation tax rate for small businesses would be a major and deserved boost to UK SMEs.

‘Small businesses in the UK benefitted from a lower rate of corporation tax for over 40 years until 2015. This was an effective way of helping small businesses to compete with larger rivals, and would be so again.

‘Small businesses are an engine of growth and new jobs – the Government should be doing all it can to foster a business culture that allows SMEs to thrive.’ 

100% Client Satisfaction Guarantee

At Arlington we love what we do. As proof of this, our staff will do everything to ensure that you receive the best, most reliable and professional service on the market.

LEARN MORE

Happy Clients

  • "Arlington offer sound business advice and have helped us to increase our turnover this year, whilst reducing our tax bill."
    Mr J McGillivray JM Yachting Limited.
  • "A big thank you to David and the rest of the team at Arlington. Always friendly and reliable. My accounts are dealt with quickly and efficiently and most importantly accurately. Something that wasn't happening when I was tying to produce them myself."
    Mr A Gilchrist Warrior Contracting Limited
  • "With our company growing, we are always getting into various situations where Arlington Accountants are always happy to offer us advice and guide our business to ensure more profits and lower tax payable".
    A. Elber - Director - Circuit Clubbing
  • "Its important to us to have the same people dealing with our affairs from one year to the next. Arlington Accountants take a very personal approach and offer great money saving advice."
    J Sheen - Director - Hambrook Holiday Park Limited
  • "Give Arlington a call now, you will not be wasting your time. They will improve your tax affairs and help you to change your mindset and lifestyle sooner than you think is possible".
    A. Elber - Director - Circuit Clubbing

View our client testimonials