Enterprise Investment Scheme and Venture Capital Trust Scheme: Extension

On 3 September 2024, the Treasury made the Finance Act 2024, Section 11 (Extension of Enterprise Investment Scheme Relief and Venture Capital Trusts Relief) (Appointed Day) Regulations 2024 (S.I., 2024, no. 897). These regulations bring into effect the extension of the enterprise investment scheme and the venture capital trust scheme sunset clause to 2035. When this extension was legislated for in the Finance Act 2024, a tax information and impact note was published. This set out that there is no additional Exchequer impact from this measure, as the costs were already accounted for in the forecast. The schemes will continue to support early-stage companies to raise the financing they need to grow and succeed.

The attachment can be viewed online at https://www.gov.uk/government/publications/extension-of-the-enterprise-investment-scheme-and-venture-capital-trust-scheme.

[HCWS69]