It highlighted the tax relief on the cost of raising equity and changes relating to EIS/VCT schemes, which had previously not being eligible for investment in fully listed companies, as two positive points to come out of the speech.
The QCA will now consult with the government to ensure these schemes are enhanced and that they apply more fully to small quoted companies.
John Pierce, chief executive at the QCA, said: ‘The QCA strongly welcomes the chancellor’s willingness to support SQCs in this way. We have fought long and hard for these changes and will continue to throughout the impending consultation process.’
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements