Information about small business benchmarks, what they are, how they can help your business and how we use them to identify businesses that may be avoiding their tax obligations.
Small business benchmarks provide a snapshot of what, on average, is happening in businesses operating in a particular industry by providing a measure of various business costs in relation to turnover. As such, they are a useful tool to help you access your business’s performance.
Economic and competitive pressure means that some small businesses seek an unfair advantage by not recording and paying tax on all of their transactions, especially cash transactions. We are committed to supporting honest businesses and helping them remain competitive by identifying and taking firm action against those businesses that seek this unfair advantage.
By developing benchmarks for small businesses we are making it clear about what we expect from businesses in an industry.
