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Enterprise investment scheme: state aid approval

printer Mail

HMRC has confirmed that the European Commission has approved two changes announced in Budget 2011 to the enterprise investment scheme.

FA 2011 s 42 increased the rate of income tax relief 30% for investments made on or after 6 April 2011.

HMRC has confirmed that the European Commission has approved two changes announced in Budget 2011 to the enterprise investment scheme.

FA 2011 s 42 increased the rate of income tax relief 30% for investments made on or after 6 April 2011.

The government intends to legislate in Finance Bill 2012 to increase the annual investment limit from £500,000 to £1m for investments made on or after 6 April 2012.

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