The Treasury Committee has called for HM Treasury to set out clear plans on the extension of tax reliefs for Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs).
In a report published today (24 July), MPs called for urgent action on the sunset clause affecting EIS and VCTs, which will cause their tax reliefs to expire in April 2025, unless amended. The committee is urging the Treasury to "detail and implement an extension urgently" as uncertainty over when the extension will take place and for how long poses "a risk to investment". "Despite previous calls from the committee, the Treasury has not provided clarity on when venture capital tax reliefs with expiry dates will be extended," it said. "The government should extend the schemes at the...
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