Budget 2020: Entrepreneurs‘ Relief cut to £1 million

For individuals who dispose of a business or shares in their personal company and certain criteria are met, Entrepreneurs’ Relief (ER) reduces the Capital Gains Tax (CGT) rate from 20% to 10%. Press speculation early in the month hinted that Chancellor Sunak might abolish ER entirely in the name of raising taxes on the wealthy […]

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Review of UK Budget 2020

Resources: Tide Bank: How will Budget 2020 affect your small business? Enterprise Nation: The small business & self-employment measures you need to know ICAEW: Welcomes spending measures Tech Nation: What the 2020 Budget means for UK tech  

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What Venture Capitalists (VCs) say about the Budget 2020

Bruce Macfarlane, Managing Partner, MMC Ventures, said “Today’s budget was a strong signal from the government that it remains committed to supporting the UK’s SMEs. We see the announcement of additional funding for startup loans and the British Business Bank along with increased investment in R&D as a necessary and welcome stimulus for the startup […]

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