AIM tax breaks at risk from large companies
Stock Exchange fears that large companies listing on AIM could lead to Treasury ending tax breaks for smaller companies
Stock Exchange fears that large companies listing on AIM could lead to Treasury ending tax breaks for smaller companies
There are fears that tax breaks for AIM investors could be scrapped by the
Treasury, due to the number of large companies listing on the market.
A £100m cap on the size of company that can take advantage of capital gains
and inheritance tax concessions could be introduced by the Treasury, as AIM
prepares for its largest flotation to date – fund manager New Star Asset
Management, worth £600m.
The London Stock Exchange has called for New Star to join the main market as
quickly as possible, due to fears that listing on AIM could provoke the Treasury
into a clampdown, according to The Independent.
Set up for small business and startups, AIM now houses more than 60 companies
with a market value of over £100m.
Baker Tilly head of capital markets Chilton Taylor told the newspaper that
the LSE was concerned to keep AIM’s special tax status.
‘Taking the tax breaks away would destroy it for the younger companies, their
directors and proprietors, and the entrepreneurs for which AIM was designed,’
said Taylor. ‘We must make sure they are not abused, with companies coming to
AIM solely for tax purposes.’
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article