MPs must call on Government to end unfairness against small family businesses if it is to deliver a Productivity Plan that benefits all, says CLA.
This call is set out in the submission of the CLA, which represents landowners, farmers and other rural businesses, to the Business, Innovation and Skills Select Committee.
The Committee is gathering evidence on the Government’s Productivity Plan announced in July and will be calling witnesses and making recommendations to Government later in the year.
CLA Deputy President Ross Murray said: “The Chancellor has set out a robust plan based on a fundamental belief that businesses need lower taxes in order to make investments and create jobs. We strongly support this.
“Our concern is that the unincorporated family business has been forgotten. This is a concern because farmers and other landowning businesses are often unincorporated. They operate under a taxation regime that is more complex and costly compared to large and small corporations. Above all they will not benefit from the planned cuts in corporation tax.
“We ask MPs to add their voice to our call for a full review that ends this unfairness and promotes growth and investment amongst these important businesses.”
The CLA submission to the Committee also sets out views on the need for a more ambitious programme in extending broadband and mobile coverage and the importance of an effective planning system in encouraging development.