In a surprise move, Gordon Brown cut back tax relief on venture capital
trusts by only 10%, despite expectations of a 20% reduction.
Stuart Davies from Deloitte’s private client team said that when the 40%
relief was introduced in 2004, Brown indicated that it would be halved in two
‘The chancellor only reduced VCT relief to 30%, so he made it look like he
was giving something away when in fact he was taking it back,’ said Davies.
Experts were more critical of the changes made to the rules for enterprise
investment schemes, claiming that reduction to the size of the businesses
eligible for investment is a negative move.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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