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Firms using facilities management to benefit from simple tax measures

May 21st 16:32 Cost Management 

Companies using facilities management cost reduction processes to boost their business performance could be among those to benefit from a new simple tax regime in the UK.

George Osborne, the chancellor for the new coalition government, has announced that he is to use next month's Budget to cut down on the red tape and legislation faced by British enterprises.

According to Mr Osborne the amount of business tax legislation has increased drastically since Labour came to power in 1997.

Addressing the Confederation of British Industry's annual conference, the chancellor explained that the tax legislation handbook had doubled in length to 11,000 pages under Alistair Darling and Gordon Brown.

"This spider-web of tax rules is holding back people who want to set up businesses … so we need wholesale reform," he said.

"I want corporate tax reform to be a priority for this government and I can confirm that the final coalition agreement … will commit us to lower and simpler corporate tax rates."
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