BIA submission to HMT & HMRC consultation on allowing Entrepreneurs’ Relief on gains made before dilution
The BIA has responded to the HM Treasury & HMRC consultation on allowing Entrepreneurs’ Relief on gains made before dilution.
In our submission, we stated that:
- The current Entrepreneurs' Relief regime unfairly penalises life science company founders and acts as a disincentive to innovation
- The government's proposed change would do nothing to address the shortcomings we identified
- The proposed new system would be burdensome and difficult to administer
This consultation is part of the wider Patient Capital Review.