We sent a letter, drafted by the Tax Expert Group, to the Chancellor of the Exchequer prior to the Summer Budget 2015, resubmitting our proposals for taxation reform, which we originally submitted ahead of the Autumn Statement 2014 and Budget 2015.
The Quoted Companies Alliance Budget Representations 2015 are designed to help drive private sector growth and employment. The key areas are:
- Encouraging long-term investment and funding for growth
- Creating a level playing field for equity and debt
- Creating a simple and reliable tax system
In addition to our proposals, we outlined other key aspects which we consider to be of crucial importance for small and mid-size companies and merit careful consideration in the upcoming Budget:
- Ensuring and promoting effective competition in the interests of supporting companies in raising finance
- Securing an adequate environment for small and mid-size quoted companies in the context of Capital Markets Union
- Continuing to support job creation, skills and growth
- Considering the changes to the Entrepreneurs’ Relief resulting from the enactment of the Finance Act 2015 in relation to joint venture company rules
