Question to the Department for Business and Trade:

To ask His Majesty's Government what plans they have to minimise the operational and administrative compliance work for small and medium-sized enterprises.

Earlier this year, the Prime Minister announced that government will cut administrative costs of regulation to business by 25% by the end of this Parliament. Reducing these costs on businesses will allow them to flourish and to innovate, enabling economic growth.

Our SME Strategy will be published later this year, delivering on our Growth Mission of supporting SMEs. It will feature the new Business Growth Service, simplifying
available support for SMEs on access to finance and providing training and operational efficiency advice.

DBT will also resume funding for the Help to Grow: Management training and will extend the SME Digital Adoption Taskforce supporting the digitisation efforts of a greater number of SMEs. These programmes should enable SMEs to minimise their operational and administrative compliance work.

Finally, the Government supports the introduction of e-invoicing that can significantly reduce administrative tasks, improve cash flow, boost productivity and reduce errors in tax returns.