TaxCorporate TaxConservatives fight for HCI scheme

Conservatives fight for HCI scheme

Computer loans scheme should be reintroduced, say Conservatives

A campaign to reintroduce the Home Computing Initiative, controversially
ended as part of the Budget, has been launched by the Conservatives.

Shadow chancellor George Osborne has written to chancellor Gordon Brown
urging him to reverse his decision. Meanwhile, the Conservatives have launched
an online petition to bring back the computer loan scheme, which had provided a
revenue stream for accounting practitioners.

‘In the last two days I have spoken to the CBI, the TUC and a number of
employers. All agree that the chancellor is making a huge mistake,’ said
Osborne.

‘The Conservative Party is offering to work with the Government to devise new
rules which will help prevent any abuses while preserving the benefits of this
important initiative. With cross-party support we can include the changes in
this month’s Finance Bill,’ added Osborne.

Accountancy Age has calculated that accountants have lost out on as
much as £10m in fee revenues due to the closure of the scheme.

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