Has anyone noticed that an entrepreneur is taxed twice on start up capital?

First at the point of where the income was derived, ie bonus from previous job –  taxed through PAYE,  savings, inheritance, shares and capital gains.

The capital invested into a start up business has somehow been previously taxed. 

Now, if the business owner draws a small wage through the business, this drawing is now subject to PAYE.  

The business owner has been taxed twice on the capital invested in the start up business.

Why is this idea important?

Start Up business owners need to take a small income to live.  

it is unfair that an entrepreneur be penalised financially for the value creating businesses that bring revenue to this country.  

To start any business it takes significant determination to survive during the volatile start up phases.  

For years the Entrepreneur has not been assisted correctly in the UK, and this is why many Brits have moved abroad to countries that better support the research and development sectors such as mining, mineral exploration, pharmaceutical companies etc.

An idea would be to scrap PAYE payable on the business owner's drawings in cases where the business owner has invested personal funds into a business.

The freeze on Owner PAYE could run until the business is profitable.  

PAYE due on other employees of the business still be payable.

An allowable backdated period lets say 3 years be put in operation.  The reason this is important is that as when most new laws are adopted, most people find they are not eligible!

Timing seems to be in favour of Mr Sod.

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