ARTICLE · 24 MARCH 2010

The Entrepreneurial View

Deloitte

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The Chancellor seems to accept the view that Small and Medium Enterprises (SMEs) are a key driver for helping to generate economic recovery ,as evidenced by announcements such as the following

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By Vijay Thakrar

The Chancellor seems to accept the view that Small and Medium Enterprises (SMEs) are a key driver for helping to generate economic recovery ,as evidenced by announcements such as the following:

The doubling of capital gains tax (CGT) "entrepreneurial relief" to £2m from 6 April 2010, effectively providing entrepreneurs with a 10% CGT rate on the first £2m of gain when selling their businesses
The doubling of the Annual Investment Allowance (100% relief) to £100,000 for plant / machinery used in a business from April 2010.

Whilst these are welcome measures, entrepreneurs will still be dismayed by other areas that need urgent attention if we really want to have an SME led recovery. Examples include:

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