August 2nd, 2017 / Insight posted in MKS Comments

Treasury consults on ‘patient capital’ for growing tech businesses: Mike Hayes comments

“While government support for longer term investment in innovative tech businesses is welcome, excessive changes to the tax reliefs currently available are not,” says tax partner Mike Hayes. “Ministers recognise that Enterprise Investment Schemes and Venture Capital Trust schemes have delivered a significant quantity of investment to the market. What is required now is for the present schemes to be simplified, and for potential investors to be persuaded that there is some consistency in the rules from one year to the next.”