Wednesday, March 13, 2013

Budget 2013: Lower taxes on wealth creation | Integral Finance

In our budget 2013 blog today, we highlight one existing tax relief (the EIS scheme), one new tax relief (the patent box), one expected development, and one big question.

The Enterprise Investment Scheme (EIS) is designed to help smaller companies raise finance by offering a range of tax reliefs to investors who purchase new shares in those companies. Subject to meeting relevant criteria, the investor will receive a 30% tax reducer in either the year they acquire the shares ? or the preceding year ? so long as they hold the shares for three years. In addition, there are capital gains exemptions or loss relief on share disposal.

The Patent Box. This tax relief becomes operational in April this year and increases year by year so that by April 2017 a 10% corporation tax rate will apply to profits derived from appropriate patents (subject to some adjustments). Key criteria to access this include identifying the relevant patents, undertaking appropriate developments and active ownership of the project.

Corporation Tax rate. There has been much comment that the headline rate will be reduced to 20% in the budget. This will be lower than most of our competitors.

One big question. Would a simpler tax system with fewer reliefs and lower tax rates promote growth?

Related Posts

In the run up to the 2013 budget, we believe that the four themes we are highlighting today will make

The UK Government places great importance on its Life Science Strategy. This was launched in December 2011 and aims to

The Federation of Small Businesses estimates that?40 per cent of small firms have been refused credit from their bank. Part of

We're told by some that it's a revolution, the start of a new era in capitalism, a disruptive and democratic

The Enterprise Investment Scheme (EIS) is designed to help smaller companies raise finance by offering a range of tax reliefs

Source: http://www.integralfinance.org.uk/wordpress/grow-your-business-virtual-FD-partner/life-science-finance/budget-2013-lower-and-simpler-taxes-on-wealth-creation

josh harvey clemons college football recruiting rankings ground hog day 2012 aaron carter black history month did groundhog see his shadow soul train don cornelius

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.