Reform UK - Economy - Business

Our Economy Needs Reform

Reform UK will back risk takers and wealth creators and make sure that Britain is open for business.

Critical reforms needed in the first 100 days:

• Free Over 1.2 Million Small and Medium Sized Businesses from Corporation Tax
  Lift the minimum profit threshold to £100k. Reduce the main Corporation Tax Rate from 25% to 20%, then to 15% from Year 3Leave a Comment
• Abolish IR35 Rules to Support Sole Traders
  Britain’s self-employed often work longer hours and take more risks. Many have no pension and receive no sick payLeave a Comment
• Lift the VAT Threshold to £150,000
  Free up small entrepreneurs from red tape.Leave a Comment
• Support Small and Medium Sized Enterprises (SMEs)
  Abolish Business Rates for high street based SMEs. Offset this with Online Delivery Tax at 4% for large, multinational enterprises to create a fairer playing field for high streets. Cut entrepreneurs’ tax to 5%.Leave a Comment
• Reform the Planning System
  Fast-track new housing on brownfield sites and infrastructure projects to boost businesses, especially in coastal regeneration areas, Wales, the North, and the Midlands. Leave a Comment
• Slash Red Tape to Boost Industry and Exports
  Scrap thousands of laws that hold back British business and damage productivity, including employment laws. We must make it easier to hire and fire so that businesses can growLeave a Comment
• Reform the Tax System
  Major simplification is needed. At over 21,000 pages, the UK’s tax code is a burden. Hong Kong’s tax code is under 500 pages.Leave a Comment

Legal Disclaimer

The content, views and opinions expressed in comments and replies, may not reflect or be supported by PaulHopkins.co.uk or Reform UK the political party of 83 Victoria Street, London. SW1H 0H. If you do find anything wrong on this page, please click on "Report a Problem", so admin can view and react.