Treasury set to announce tax breaks for small businesses

The Treasury is set to announce that angel investors in small businesses will benefit from a £100 million tax break to support growing firms.

Recently, the government received the backing of Brussels to increase the rate of tax relief available from 20 per cent to 30 per cent. It is also set to double the annual investor limit to £1 million.

The ambition of the Treasury is to encourage investment in some of the UK’s smaller firms, thereby helping to stimulate wider economic prosperity.

Read more: http://www.taxassist.co.uk/News/Small-Business/Treasury-set-to-announce-tax-breaks-for-small-businesses-12361.html

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