I know little about tax. I am just a layperson on such things.
Your first paragraph, quote :
"On small to medium businesses having a £100k corporation tax free amount to kickstart these businesses and encourage them to grow and employ more staff.
Scrap vat for businesses under £150k. This would be less paper work for the smaller business and consumers would save too."
I looked up what tax is now. It's 19% on profits up to 50k, then between 50 to 250k it increases to 25%.
That is all on profits. So no profit means no corporation tax.
So how does doing away with this tax encourage more employment ? Surely the reverse is the case, certainly with a small business.
Because tax is only on profit. So a small company could employ people to increase turnover, and with the money going on staff profit can be kept down.
As I said, just a layperson. But I recall something, as an example, that for big companies, higher tax increases their R&D spend, Because they would rather spend on that than pay tax.
Does similar not apply to small business ? That if they make 100k profit say, they reduce their tax by investment in machines or people ?
And that spend goes into the economy. But if you lower tax, does that not potentially remove money from the economy ?
Genuine question. I just don't see how that tax change gives the result you claim.