-
-
-
-
Home > > Venture Capital Trusts look set to stay
Venture Capital Trusts look set to stay
17 March 2010
The government has indicated ahead of the Budget that Venture Capital Trusts will still have a part to play in the business economy.
There had been some speculation that the scheme may be axed as part of the likely round of spending cuts, but the government appears to have headed off questions over the future of VCTs.
VCTs offer private investors income, dividend and capital gains tax breaks when they put money into unquoted or Alternative Investment Market firms.
So far VCTs have attracted £3 billion worth of investments.
Ian Pearson, the Economic Secretary to the Treasury, has said: "This government is committed to ensuring that VCTs continue to play a positive role in encouraging investment and enterprise in the economy, and contribute to further growth and employment in UK companies."
A report from the Association of Investment Companies (AIC) found that the majority of the 300 companies involved in the study had grown as a result of VCT funding.
Ian Sayers, director general of the AIC, said: "We urge policy-makers to reaffirm their commitment to VCTs which are the best way to support enterprise and future economic growth. New initiatives are unlikely to have the substance or staying power of the well established VCT network."
Spotlight - Credit Crunch
-
29 July 2010
Savers not being told about interest rate changes -
29 July 2010
Self-employment declarations should be respected -
28 July 2010
Prospect of rise in energy costs for business -
27 July 2010
Banks under pressure to increase small business lending -
27 July 2010
Companies urged to publish up-to-date financial information
News - Personal Tax
-
29 July 2010
Self-employment declarations should be respected -
28 July 2010
Government publishes a raft of tax consultations -
22 July 2010
Substantial backlog for HM Revenue and Customs -
22 July 2010
Tax measures will hit consumer budgets -
21 July 2010
All start-ups should get NIC holiday as confidence stays fragile
News - Business Tax
-
29 July 2010
Self-employment declarations should be respected -
28 July 2010
Government publishes a raft of tax consultations -
27 July 2010
Companies urged to publish up-to-date financial information -
23 July 2010
VAT increase could be ‘detrimental’ -
22 July 2010
Tax measures will hit consumer budgets
Financial Crisis - Effect on Small Business
-
29 July 2010
Self-employment declarations should be respected -
28 July 2010
Prospect of rise in energy costs for business -
27 July 2010
Banks under pressure to increase small business lending -
27 July 2010
Companies urged to publish up-to-date financial information -
26 July 2010
Government asks employers for views on skills training
Financial Crisis - Government Initiatives
-
27 July 2010
Banks under pressure to increase small business lending -
26 July 2010
Government asks employers for views on skills training -
23 July 2010
VAT increase could be ‘detrimental’ -
21 July 2010
All start-ups should get NIC holiday as confidence stays fragile -
20 July 2010
Tax system to be simplified
Financial Crisis - Savings - Pensions & Investments
-
29 July 2010
Savers not being told about interest rate changes -
20 July 2010
Tax system to be simplified -
16 July 2010
Pension annuities no longer to be compulsory -
15 July 2010
Inflation still the enemy of savers -
9 July 2010
Changes may reduce occupational pension payments
-
29 July 2010
Our Latest News
- Increase in risk of a second recession, says think-tank
The chances of the UK economy entering a second recession next year have risen, according to the National Institute for Economic and Social Research (NIESR).
- more
- UK skills training needs radical overhaul
The British economy could find itself facing a period of decline if the skill levels of the workforce do not show marked improvement, it has been claimed.
- more
- Compulsory retirement age to be retired
The government is proposing to scrap the default retirement age of 65 by October 2011.
- more
- Savers not being told about interest rate changes
Many banks and building societies are failing to keep savers properly informed about changes to the interest rates on their accounts, comsumer group Which? has claimed.
- more
- Self-employment declarations should be respected
With thousands of people predicted to start up their own micro-businesses as unemployment rises, a business group has called on the tax authorities to respect their employment status.
- more
- Government publishes a raft of tax consultations
The Treasury has issued nine consultation papers on various aspects of the personal and business tax system in what amounts to a far-reaching overhaul of the entire regime.
- more
- Prospect of rise in energy costs for business
Businesses have been warned that they could see a steep rise in energy costs over the coming years.
- more
- Banks under pressure to increase small business lending
Banks could face possible tax sanctions if they fail to boost lending to smaller businesses.
- more
Harrison Young,
First Floor,
1 Gatton Road,
London
SW17 0EX
TEL: 0208 767 0151
FAX: 020 8767 5359
Click to email us
Harrison Young is a trading style of Ashley Ross Limited, Registered in England no. 05717229 and whose registered office is at 1 Gatton Road, London SW17 0EX.and is registered as Auditors by The Association of Chartered Certified Accountants. Read our Disclaimer.