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Home > > 12 March 2008 Budget Report > Business Incentives

Business Incentives

Venture capital schemes

It is proposed that the amount invested on which an investor can claim Enterprise Investment Scheme income tax relief in any one year will be increased from £400,000 to £500,000. From 6 April 2008 companies whose trade consists of shipbuilding, coal and steel production will no longer qualify.

Enterprise management incentives (EMI)

On or after the date the Finance Bill 2008 receives Royal Assent EMIs will be limited to qualifying companies with fewer than 250 employees; and companies involved in shipbuilding, coal and steel production will no longer qualify for EMI. In respect of options granted on or after 6 April 2008 the individual employee limit on grants of EMI qualifying options increases from £100,000 to £120,000.

Beechams LLP is registered in England No OC304423. A list of members is available at 3rd Floor, 167 Fleet Street, London EC4A 2EA.
Beechams LLP is a member of the UK 200 Group, an association of independent practising Chartered Accountants.
Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.