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Over 7,500 sign petition against income shifting proposals

Published on Apr 25, 2008 |

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The online petition against the Government's Family Business Tax proposals has closed with over 7,500 signatures - putting it in the top 20 of all petitions on the 10 Downing Street website, out of six and a half thousand.

The petition, launched by PCG, has to date attracted more support than calls to reduce fuel duty, not to extend pre-charge detention, and to protect small shops.

PCG's managing director John Brazier said, "PCG would like to thank every one of the seven and a half thousand people who signed the petition. Communicating the strength of feeling among the business community played a huge role in persuading the Government to delay and rethink their proposals; this e-petition was a key part of that, along with the Early Day Motion and the letters sent by PCG members and others to their MPs."

When it announced its decision to postpone the Family Business Tax, the Government admitted that it needed to provide "clarity and certainty for businesses and their advisers" - the uncertainty the measure would cause was one of the major criticisms levelled at the proposals by the petition.

The petition will be passed to officials for a formal response and signatories can expect to receive a copy of the response by email.

Meanwhile, PCG is continuing to consult with HMRC, tax and accountancy experts and politicians from all parties on the future of the income shifting proposals.