• Spring 2004 will see the launch of the first round of enterprise capital funds, based on the...
• Spring 2004 will see the launch of the first round of enterprise capital funds, based on the US Small Business Investment Companies model. These will be private sector commercially managed entities, and further details will be published in spring 2004. • Tax rules on venture capital trusts (VCTs) and enterprise investment schemes (EISs) to be altered from 6 April 2004. Government is looking to withdraw current capital gains tax relief and replace it with enhanced income tax relief. • Government considering temporary uplift in income tax relief from 20% to 40% on VCTs, to encourage in...
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