What follows is a summary of Chancellor Philip Hammond’s Budget speech today, and the impact of the tax changes. Private investors were particularly concerned about the impact of tax reliefs in the VCT/EIS schemes following the Patient Capital Review but these are in fact relatively minor (see end of document).
This is a summary of the key points he announced:
The Chancellor said we are on the brink of a technological revolution, we must embrace it. Britain is at the forefront, but ...