The financial sector knew that it was going to be popular, but just not quite how popular the Royal Mail privatisation share issue would be. Last week, hundreds of thousands of people became new shareholders – having a stake in an entity that has been in existence for almost 500 years. For those that were […]

The Enterprise Investment Scheme (EIS) can really help small unquoted companies because it allows them to raise capital by encouraging investment through a series of income tax and capital gains tax reliefs. The scheme is open to all companies and investors who meet the qualifying criteria, as set out here. Tax Reliefs Income Tax In […]

Highest rate reduction to 45% (from 50%) from Apr 2013 for incomes over £150k. Highest dividend rate reduction to 37.5%   The 50% income tax rate was somewhat punitive and the amount of tax raised debateable so we welcome the slight reduction. The thinking is that more will be raised this way (higher declaration). However, […]