Small businesses are becoming increasingly worried about the tax system. More than one in five small business owners (22%) say that the tax system is the biggest concern to their business - a rise of 6% since July 2001. The findings come from the latest Alliance & Leicester Business Barometer report.
This tax system worry is lower among businesses in the Ј500,000-plus turnover category (15%). However, they appear most concerned about late payments - the number citing this as their leading burden is up from 34% last year to 45%.
Sectors in which tax is the most prevalent worry are catering/leisure (32%) and motor trade sectors (28%).
