The Federation of Small Businesses lobbies, quite reasonably, ahead of the next Budget. We’ll stop bringing you downbeat news, as soon as there’s good news to report – and that’s a promise. Meanwhile, here’s the latest “Winter Is Coming” piece from the mainstream media, via our friends at Crowdfundinsider. The next or upcoming UK Budget […]
The new Chancellor has announced a government review into the UK’s FinTech sector with the apparent purpose of supporting its growth and competitiveness. P2P Finance News takes up the story. The review was unveiled during Chancellor of the Exchequer Rishi Sunak’s first Budget. It will be conducted by Ron Kalifa OBE, executive director of payment […]
Amid speculation that tax incentives will be tinkered with in the coming Budget, City A.M. highlights four companies that wouldn’t exist without the Enterprise Investment Scheme. The full article is available here. While EIS and SEIS offer meaningful tax advantages to investors, it’s important to remember that their main function is to help kickstart new […]
As we publish this article, the Chancellor is delivering his Budget speech. Our friends at P2P Finance News report some of the hopes and wishes of market place business lenders, such as Money&Co. We run an excerpt below. PEER-TO-PEER lenders have outlined some of their hopes for Wednesday’s Budget, including calls to improve small- and […]
The Budget is coming – and domestic taxation is one of the few areas where the Chancellor can escape the ideological straitjacket of Brexit. CityA.M. is the latest to carry reports of increasing nervousness – see yesterday’s story on this topic – over the Chancellor’s plans for the Enterprise Investment Scheme and Venture Capital Trusts […]
So the Individual Savings Account (ISA) limit is raised to £20,000 per annum in today’s Budget. That’s potentially excellent news for savers and investors. “The timing of the Chancellor’s announcement, coming as it does ahead of April’s launch of the Innovative Finance ISA (IFISA) demonstrates both the government’s seriousness of purpose in encouraging individuals to […]
After the news reporting comes the analysis. Crowdfunders in general, and peer-to-peer lenders in particular, are basking in the warm afterglow of this week’s Budget. Kate Palmer, in a piece filed last night in The Telegraph, runs the rule over Innovative Finance Individual Savings Accounts (IFISAs), which she dubs “10 per cent ISAs”. To read […]
Good news! Call it an Individual Savings Account (ISA), a New Individual Savings Account (NISA) or, as of today an Innovative FinanceIndividual Savings Account (IFISA) Money&Co. welcomes Chancellor Osborne’s Budget, and in particular the government’s response following the consultation on whether to include peer-to-peer (P2P) loans in Individual Savings Accounts (ISAs – or now IFISAs) […]
There’s movement ahead as peer-to-peer (P2P) loans become accepted as mainstream assets capable of being held in an Indiovidual Savings Account (ISA) wth all the tax-benefits. Our friends at Citywire report: “HM Revenue & Customs (HMRC) has provided a boost to investment trusts focused on peer-to-peer lending by allowing savers to hold them in their […]
While peer-to-peer (P2P) lending in the crowdfunding sector continues to grow strongly, there was some disappointment that last week’s Budget didn’t offer more. Many had hoped that P2P business lending would be approved as a suitable asset class for New Individual Savings Accounts (NISAs). The boost from the tax break (NISas allow more than £15,000 […]