Tax boost plans for broadband

Tax boost plans for broadband

Broadband internet production companies could get lucrative tax breaks to kick start user take-up under plans being considered by the government, it has emerged.

The proposals, aimed at broadband content providers, are being discussed by the Department of Trade and Industry and the e-envoy Andrew Pinder in a bid to boost the roll-out of broadband networks.

It is believed the proposals could include a film industry-style scheme that would allow production costs to be deducted from a company’s taxable income.Tax breaks were part of a wider package of recommendations put to the government by the Broadband Stakeholder Group, a joint government and industry initiative.

The report called for ‘tax breaks for content development’ but did not reveal any further details.

Content providers have been targeted for help because the government wants to make fast internet services as attractive as possible for users.A spokesman for the DTI confirmed the e-commerce minister Douglas Alexander had received the report but would not discuss specific proposals.

‘We are considering all the recommendations of the group and will respond in November,’ he said.

Links

Broadband services needed, says survey

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

2y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

2y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

2y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

2y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource