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The consultation aims to develop a better system
to help these individuals comply with their tax
obligations and limit opportunities for the minority
who seek to avoid paying tax.
ENTERPRISE INVESTMENT SCHEME
KNOWLEDGE-INTENSIVE FUND
The purpose of this consultation is to aid
knowledge-intensive irms which have high growth
potential but are research and development and
capital intensive and, therefore, they may have the
most dificulty obtaining the capital they need to
scale up.
It attempts to review the possibility of a new
enterprise investment scheme fund structure aimed
at improving the supply of capital to such companies.
There is a need to build the government’s
understanding of the capital gap that knowledge-
intensive companies face, and the consultation
seeks views on the best way of closing that gap.
BUSINESS RATES
The government announced plans at Autumn
Budget 2017 to reform the business rates
revaluation cycle by increasing the frequency
of valuations to every three years following the
next revaluation.
The chancellor announced at Spring Statement
2018 that the next revaluation of business rates
would be brought forward by one year to 2021,
four years after the last revaluation. The aim is that
ratepayers can supposedly beneit from three-year
revaluations at the earliest point. It will be based on
market rental values on 1 April 2019.
CORPORATE TAX AND THE
DIGITAL ECONOMY
The consultation process regarding corporate tax
and the digital economy had already closed by
Spring Statement 2018.
However, an updated position paper was published
by the government which highlighted several key
points and views from the review.
The participation and engagement of users is
an important aspect of value creation for certain
digital business models, and is likely to be relected
through several channels, such as the provision of
content or as a contribution to certain intangibles
such as brand.
The preferred and most sustainable solution to
this challenge is reform of the international
corporate tax framework to relect the value of
user participation.