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Brexit: the impact on SMEs

Brexit: the impact on SMEs, by Paula Tallon (Gabelle).
 
What is the potential tax impact of Brexit for OMBs and SMEs? In terms of business taxes SMEs have seen these decrease in recent years while personal taxes have increased. The impact of the new dividend tax introduced in April 2016 is already being felt by these businesses so it is hoped that this tax is not increased as a way of avoiding the tax lock. 
 
The following are relevant to SMEs.
 

State aid restrictions

 
The EU state aid rules have restricted the way in which the enterprise investment scheme (EIS) and other venture capital reliefs can offer assistance to growing businesses. In the past few years EIS has been restricted as a result of EU regulation. The use of such...

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