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Toshiba Calls for Tax Breaks on SME’s Technology Purchases

Toshiba and the Institute of Directors (IoD) have today joined the growing
swell of industry voices calling on the government to continue tax breaks
on IT purchases for small and medium-sized firms.
Toshiba and the IoD are seeking an extension to the capital allowance
scheme for small and medium-sized businesses that is due to end this month.
This follows a recent survey amongst IoD members examining the take up of
wireless computing which revealed that small businesses were eager to take
advantage of mobile technology, but were concerned about the cost issues of
adoption.  Full results of this survey will be published on 25 March.

Derek Brownlee, Taxation Executive at the IoD comments: “Extending and
accelerating the tax relief for ICT spending for all businesses, into year
one of purchase, will help companies purchase equipment they otherwise
might not be able to due to cashflow pressures.  Making the relief
permanent would continue this and give business greater certainty to plan.
Similarly, if effective, we would urge that it be made permanent and
extended to all businesses, not merely small businesses.”