Tom Hopkins: Cut red tape on EIS now - or risk chokepoint

Give more flexibility to approved funds

clock • 4 min read

Despite the best of intentions, change for the sake of change often leaves us yearning for the past - so, please Mr Chancellor, says Tom Hopkins, make one more change before the EIS sector chokes on red tape

The rules governing Enterprise Investment Schemes (EIS) have been changed only relatively recently and so there would have been a collective sigh of relief that EIS - and venture capital trusts - were not mentioned in the Budget. Those recent changes mean, mostly, that capital has now gone back to what is was designed to do and support genuine growth businesses - as opposed to simply providing tax relief for the lowest possible investment risk.  Undoubtedly this is a good thing. Lots of advisers and, by extension, their clients like the fact investing in EIS helps both the economy and th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Effectiveness of Labour's immediate CGT hike under question

Effectiveness of Labour's immediate CGT hike under question

CGT rates were raised in last Wednesday’s Budget

Jen Frost
clock 06 November 2024 • 2 min read
Labour's tax clampdown sparks fraud investigations 'spike' warning

Labour's tax clampdown sparks fraud investigations 'spike' warning

High-income individuals could look to ‘illegal tactics’, crime specialist says

Jen Frost
clock 31 October 2024 • 2 min read
Autumn Budget 24: Business owners hit with surprise tax triple whammy

Autumn Budget 24: Business owners hit with surprise tax triple whammy

Business owners face CGT, IHT, NICs changes

clock 30 October 2024 • 4 min read