“Private capital is driving the COVID recovery in all parts of the UK, with 90% of investment going into small and medium sized businesses. It supports over a million jobs and is helping the UK to become more competitive and to meet its climate objectives through substantial investments in tech and other sectors.
“Providing an internationally competitive investment climate is essential to this – current taxation rates for carried interest reflect the reality that private capital is invested for the long term and is at risk throughout. In the UK, there has been substantial tax reform in recent years, and we now have amongst the highest rates in the world on ‘carried interest’. Any proposals for change need to take careful account of this.”
FOR FURTHER INFORMATION PLEASE CONTACT THE BVCA
+44 (0)20 7492 0400