At this stage, it is difficult to predict the tax impact for OMBs and SMEs, but perhaps we can hope for some positive changes. The EU restrictions on state aid have reduced the availability of venture capital reliefs at a time when finance was needed by SMEs. If the UK is not limited by these rules, perhaps the reliefs can be extended.
Paula Tallon looks at the potential tax impact of Brexit for OMBs and SMEs for Tax Journal. Click here to read more.