I agree with the main comment.  My partner has recently started a business and the tax and PAYE systems he has had to get to grips with are complex and time consuming.  In addition the amount of VAT and corporation tax he is being asked to pay as a small limited company is ridiculous.  No incentive.

Why is this idea important?

It is important to encourage entrepreneurs – especially now in the current economic climate.  Simplification of the tax system, laws, paye, NI etc would really help – or even some kind of simple system for those earning less than say £20,000 or £30,000 per year would be encouraging.

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