EEF has today called for new Chancellor George Osborne to introduce far reaching tax reforms to amend a regime which “is currently tilted against manufacturing and stands in the way of promoting high-tech investment and innovation.”
EEF said the new system must: 1. Encourage manufacturing investment, reflecting the true cost of modern machinery and promoting innovation; 2. Be internationally competitive to ensure larger manufacturers remain headquartered in the UK and encourage inward investment; and 3. Provides predictability and certainty, including HM Treasury and HMRC consulting earlier and more effectively with a…
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