The Chartered Institute of Personnel and Development (CIPD) believes that small businesses need extra financial help in the form of tax relief if the government’s latest plans for the expansion of apprenticeships are to be met.
Whilst the CIPD welcomed the government’s new initiative to recruit 90,000 additional 16 to 19 year olds as apprentices by 2013, it also pointed out that SMEs, which provide the majority of apprenticeships, often lack the financial support needed to run such training. It can cost an employer thousands of pounds to take on an apprentice.
The CIPD has therefore, urged the government to consider re-examining the tax agenda, especially capital gains tax, with a view to offering tax relief on train to gain schemes.
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Chartered Institute of Personnel and Development
About The Author
Sarah Laing
Editor, TaxationWeb News
Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences).
Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession.
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