Visitors to the North Notts Business and Property Show are invited to be some of the first people in the country to meet Serena Humphrey of Survive and Succeed, the founder of the new national campaign to reverse the dividend tax changes that were announced in the budget.
Launched on 10th September 2015 in Nottingham, the campaign is receiving much national media attention and featured in last weekend’s Mail on Sunday as well as many tax publications. Over 27,000 people have already signed up to the petition to attempt to halt the new tax on share dividends, announced by the Chancellor in the summer.
Serena said ‘There is massive interest in scrapping the tax on dividends and helping small and medium-sized enterprises have a better chance of surviving. We’re asking the Government to reconsider the tax.’
The petition is part of a wider campaign by Survive and Succeed to significantly increase the long term survival rates of small businesses which Serena believes are unnecessarily low. New UK businesses currently have in the region of just a 40% chance of surviving until its 5th birthday, whilst only 20% will make it to 10 years.
She added: ‘With other changes coming into effect, such as auto-enrolment, a 10 per cent increase in the minimum wage, the 3.5 per cent insurance premium tax increase and the imminent interest rate rises, this dividend tax is an attack too far on small businesses. Those profits have already been taxed at 20 per cent, so this 7.5 per cent tax means we’re paying 27.5 per cent tax, well above the basic rate.’
The North Notts Business sand Property Show will be held at Worksop College on Wednesday 21st October 2015, from 10.00am to 3.00pm, and is free for anyone to attend.