By John Oates, 8 November 2000 16:11
NEWS In a measure he claimed would help encourage high-tech firms, Brown pledged to expand tax relief for employee share option schemes. All company employees will be eligible for tax relief up to a limit of £2.5m per company. The Chancellor also offered for consultation a simplification of VAT to help small businesses. He is looking at further incentives for manufacturing, especially research and development, and tax relief. He predicted a budget surplus of £16.6bn this year.
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