UK Catering Forum

Thought you might be interested about what I read this morning.

“The only area I would have liked to have seen a contribution was where the entrepreneurial market typically goes in this country when it wants to start a business and needs funding: friends and family.”

He added: “There should be an opportunity here where we should provide something like we do for charity. If you and I give money to a charity, we can reclaim tax relief back and the charity receiving it would reclaim tax. My question is: why wouldn’t we do that for entrepreneurs, especially in a high-rate tax environment?”

Seems like a very good idea and as a parent an opportunity to pass on some tax free money to a family member.

This sounds like an excellent idea, however I doubt if the coalition would agree.