Chancellor Rachel Reeves will deliver her Budget on 26 November. Credit - Getty

Chancellor Rachel Reeves has been told to make “simple fixes” in the Budget this week to hand hundreds of millions of pounds in tax incentives to small businesses.

It was first reported last month that proposals had been drawn up to lift the cap on Enterprise Management Incentives (EMIs).

The scheme allows smaller businesses to offer share options to their employees with no income tax or National Insurance liabilities.

Speaking ahead of the Budget on 26 November, the chief executive and co-founder of car marketplace tech giant Motorway Tom Leathes said if Reeves followed through with the proposal it would “be a massive boost for UK tech”.

The cap for the EMI share options currently sits at £250,000 over a

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