BUDGET 2016: Strong endorsement of small business

This budget is a strong endorsement by the Government of the importance of entrepreneurship and small business.

The reduction of capital gains tax to 20% for small businesses will greatly assist investment capacity when they are getting equity investment or selling their business. It will be a significant boost to serial entrepreneurs looking to start ventures and create more jobs and will stem the flow of investment to the UK, which has a 10% entrepreneurial tax rate.

The commitment by the Government to accept the principle to stop discrimination in the tax system against self-employed and proprietary directors is historic.