The Department for Education may have to spend more than £20million to clarify how many academy sites belong to the Government.
Business groups have almost universally welcomed Chancellor George Osborne’s Budget, with one describing it as a “stable Budget for business facing stormy waters” and another hailing the reform of the rates system.
Some of the new tax measures announced in last week’s Budget will be a boost to start-ups and entrepreneurs, in particular the steep cut in Capital Gains Tax (CGT) from 28 per cent to 20 per cent and the extension of Entrepreneurs’ Relief.
The Chancellor has outlined plans for all schools in England to become academies.
According to a recent report on the tech and health start-up sectors, almost 60 per cent of UK start-ups are aiming for acquisition as their long-term goal, while 17 per cent said that their ambition is to successfully complete an initial public offering (IPO).
Education Secretary Nicky Morgan this week launched a long-awaited consultation on proposals to improve the funding formula for schools.
A tax expert is urging the Government to simplify the business tax code via a new Business Tax Act, which would have a comprehensive tax base, eliminate unnecessary rules and provide less scope for avoidance.
A start-up accelerator claims to have found 100 of the “brightest and most innovative young minds” capable of founding the ‘next big thing’ in technology and launched a programme called Founders of the Future at Downing Street earlier this month.
New research has found that more than a quarter of the owners of small businesses in the UK are planning on paying themselves a special dividend this month before new dividend tax rates are introduced on 6 April.
A recent report is advocating a move away from using debt to finance start-up businesses in the UK and instead to harness the power of equity finance, allowing firms to find investment through crowdfunding, business angels, venture capital or on the public markets.