Tax experts offer budgetary advice
Tax experts in the technology industry group of PricewaterhouseCoopers have made suggestions on how the Chancellor might help the industry in his budget.
The tips include pleas to introduce capital gains tax exemption for investments and allow tax relief for the acquisition of all forms of intellectual property. The firm also wants eligibility for tax relief on r&d widened, arguing that this would help many fledgling companies.
PwC suggested that employees in the industry should be rewarded with long-term tax free shares. Andrew Bell, tax partner at PwC said: “The Chancellor made encouraging comments in last year’s Green Budget but we are now looking for real measures that will help companies in this sector and encourage the expansion of ‘silicon valleys’ in the UK.”