Covid investment recovery scheme proposed
- On December 16, 2020
- By GrowthInvest Marketing
The government is being urged to introduce a special Covid Investment scheme to give businesses, including estate agents, more support in 2021 and enable them to survive.
Accountancy and tax advisory firm Blick Rothenberg wants to see the government consider creating a special Enterprise Investment Scheme relief just for the pandemic – the ‘Covid Recovery Investment Scheme’ or ‘CRIS’.
Robert Pullen, a tax partner at the firm, said: “If more action is not taken, 2021 could be a disaster for business and jobs.
“Rather than looking to increase taxes now, the government needs to find innovative ways to support business without increasing the deficit further.
“The tax system is a great way to directly influence the country and people’s behaviours, as we saw with the eat out to help out scheme. One way to help business in 2021 could be to introduce tax relief for investment into coronavirus affected companies”
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