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The Government are to introduce a new range of tax incentives for individuals investing in equity and certain debt in qualifying social enterprises with effect from April 2014.
Eligible organisations are charities, community interest companies and community benefit societies.
Currently, many social enterprises have difficulty raising capital from investors and commercial lenders. The measures are intended to increase investment in social enterprises seeking external finance by providing incentives to individuals who invest in them.
The range of tax reliefs for qualifying individuals who make qualifying investments is set to include:
Please contact us for further details if this is an area of interest to you.
Why not contact Wilkes Tranter & Co Limited today for more information or a FREE no obligation quote.
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year.
From April 2022, the government plans to create a new social care levy which will see UK-wide tax and National Insurance Contribution (NIC) increases.
As always, the wellbeing of our staff and clients remains our priority and is at the forefront of our mind when considering our response to the current coronavirus situation. At present our office remains open during normal working hours however we are discouraging face to face contact and are moving to telephone/ e-mail communication wherever possible in an effort to protect ourselves and our clients.
In the absence of face to face meetings, you can contact us as follows:
Please be assured that we will be continuing to offer the best service and advice during this difficult period.
We will continue to closely monitor government advice on the situation and act accordingly.