Small is beautiful
13 September 2012
Tax column:
Enterprise remains a key word in the government’s stated aims for the future, so let’s look ahead to the expected discussion paper on small business issues.
In the Budget 2004 Red Book at paragraph 5.95 it states that: ‘To ensure that targeted tax incentives support the government’s objectives for growth, enterprise and productivity, the government proposes to consider the issues raised by the interaction with the tax system of definitions of income of self-employment, and the remuneration paid to owner-managers, in a...