Changes to rules guiding tax-advantaged investing announced in the summer Budget, combined with recent government moves to bring to an end tax relief for renewables, will see the sector turn to earlier-stage companies, according to VCT and EIS managers.
The new rules announced last year by Chancellor George Osborne came at the behest of the EU, which determined the UK's previous rules governing tax reliefs breached state aid guidelines. They mean...
Draft deal approved by Cabinet last night
Raft of resignations following draft deal
Latest news and analysis
European markets reverse gains
Regime only covers quarter of EU cross-border financial services business