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Tax break for start-ups?

Mon, 16/11/2009 - 17:28 — Mark Williams

Start-ups should get a tax break for the first couple of years, according to a new report published by the British Library's Business & IP Centre, as part of its ten core recommendations to encourage entrepreneurialism. Former Dragons' Den panelist Doug Richard said this week: "If the government is serious about encouraging enterprise in the UK, they need to avoid gimmicks like the VAT cut, and offer start-ups a genuine exemption from tax until they get their businesses up and running." What do you think?

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seanprice's picture

Tax break and better funding for start ups once a business and marketing plan has been vetted. Personally know of someone who went for a "startup business loan" advertised by one of the big banks - only to be turned down because although its a "startup loan" they required the business be running for 3 years....hmmm defeats the object perhaps?

Thu, 18/03/2010 - 09:55 — seanprice

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