A report by PricewaterhouseCoopers (PwC) says that private businesses want a tax regime that does more to encourage business enterprise. Only a third of private business owners surveyed believe that the current tax rules promote enterprise.
Mary Monfries, head of UK private business at PwC siad that a certain, stable tax environment would help. "Reducing tax rates would be a challenge in the current economic climate, but a reduction in the rate of change and certainty should be easier to deliver," she said.
Stability was essential so that businesses could make informed commercial decisions, Ms Monfries said.
Other results in the survey showed that business owners would like a more effective voice in Government to help future enterprise, with 45 per cent saying that privately-owned businesses were not heard by Government.
A third of business owners felt that business plans had been compromised by a lack of financial support in the last year. The figure was nearly half in Scotland.
The survey also revealed that most business owners are not fully aware of different tax reliefs available in the UK.
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