A few budgets ago Gordon Brown was keen to encourage people to incorporate their business activities as small companies. He set out a very generous tax regime for them to do so.

Since then he has been whittling away the tax advantages. This year he announced most of the next Chancellor’s budget for 2008, and at the same time pushed small business tax up to 22% compared to the 20% standard rate for sole traders. It’s typical of this government to encourage people to do things, then to punish them when they do!

Trackback URI | Comments RSS