Budget wishlist includes tax changes and more SME support [March 20, 2012]
With the Budget just a day away the industry has made its wishes clear asking the Chancellor to simplify taxes and provide more support for tech start-ups.
In addition there have also been calls for the greater use of open source to cut costs and to reduce VAT back down to 15%.
Some details of what can be expected tomorrow have already emerged with measures to stop those avoiding stamp duty on the agenda along with a potential cut in the 50p tax rate for the highest earners.
But all eyes will be on the taxation measures and support for smaller firms with calls for the national insurance holiday that has been offered to start-ups to be extended to established firms and a simplification of taxation generally.
"The Budget is a real opportunity to remove the growth barriers for small firms created by the complexity of the tax system. It is clearly one that should not be missed," said Phil Orford, chief executive of the Forum of Private Business.
Others wanted more done to help tech start-ups with more help for entrepreneurs willing to take risks.
"As the Chancellor prepares to announce a Budget aimed at stimulating growth, we are all expecting a great focus on macroeconomic policies. However, given that many of the green shoots we have seen recently have come from smaller businesses, such as the tech start-ups in London's Silicon Roundabout, this should be reflected in the Budget," said David Ballard, CEO of Northdoor.
There has also been a call for more adoption of open source to help government cut its own IT costs.
"The government has made huge strides in enabling a fair hearing form open source providers alongside traditional proprietary software vendors in the public sector procurement process, but much more needs to be done," said Jim Shaw, general manager for Europe at Acquia.