Chancellor announces ‘groundbreaking’ 30% tax relief on social investment in Budget

Chancellor announces ‘groundbreaking’ 30% tax relief on social investment in Budget

UK Chancellor 2014

UK Chancellor 2014

The Chancellor announced in his Budget yesterday that he is introducing a 30% tax relief on investments in social investments. This will benefit social enterprises like Go4 Enterprises and is welcome news. The exact details of how it will work is to be announced on 27th March and the new relief comes into force from 6 April. What’s not clear yet is how it affects current shareholders but we hope that will become clear soon.

What this means for anyone wishing to support social enterprises like Go4 will become clear in the next  week or so, so watch this space! In the meantime, if you are interested in buying shares in Go4, please get in touch via our Contact page.

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