ARTICLE · 22 APRIL 2013

Budget 2013: Credit Where It’s Due?

Bates Wells

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Despite the backdrop of low growth and falling living standards, BWB has been pleasantly surprised by some of the less widely reported announcements in the 2013 Budget.

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Bates Wells Braithwaite

Despite the backdrop of low growth and falling living standards, BWB has been pleasantly surprised by some of the less widely reported announcements in the 2013 Budget. The devil will be in the details, but we are hopeful that some of these will provide a much needed boost to our clients in the charity and social enterprise sector in difficult times.

Tax relief for investment into social enterprise

We are delighted with the Chancellor's Budget announcement of the Government's intention to introduce a new tax relief for social investment. BWB has actively campaigned for this over several years and we look forward to taking an active role in the formal consultation on the design of the relief, expected to conclude by summer 2013.

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