Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of the Association of Accounting Technicians' proposal for the Government to abolish Entrepreneurs Relief and invest the £3 billion saving in initiatives or reliefs that encourage business start-ups or scale-up activity.
The objective of Entrepreneurs’ Relief (ER) is to promote enterprise by offering a reduced rate of tax to individuals who have contributed to the creation and growth of a business.
The Government continues to monitor the effectiveness of ER. HMRC’s most recent evaluation was published in December 2017, and is available here. The Government has no current plans to abolish ER, but keeps all taxes and reliefs under review.