EIS crackdown would be a disaster

 EIS crackdown ‘would spell disaster’

Curtailing a scheme that promotes the backing of businesses in their early stages would have a “disastrous” impact on entrepreneurs’ ability to secure growth finance, investors have warned. The Treasury is understood to be considering a crackdown on what it regards as abuses of the Enterprise Investment Scheme. This could include reductions in the level of tax relief available, increasing the period investments must be held for and tougher restrictions on qualifying businesses. However, the EIS Association has warned that the restrictions being considered could hamper firms’ ability to secure funding.

Source: The Times (30/10/17)