Jeremy Hunt may extend tax holiday for firms: UK government looking to encourage investments
Edited By WION Video Desk
Published: Nov 11, 2023, 20:45 IST | Updated: Nov 11, 2023, 20:45 IST
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UK Finance Minister Jeremy Hunt is all set to unveil a fiscal proposal that may include an extension of a large tax holiday for firms. This the government believes will encourage investment and boost the sluggish British economy. A Bloomberg report quoting sources shows that Hunt wants to extend the so-called "Full-expensing" policy, which offers businesses complete tax relief on capital expenditures, beyond the 2025-26 fiscal year, when it is now set to expire.
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