Tax Allowances: Research

(asked on 25th September 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the annual revenue raised by Clause 16 and Schedule 4 of the Finance Act 2018.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 30th September 2019

Clause 16 Schedule 4 of the Finance Act 2018 sets out legislation to enable knowledge-intensive companies to raise more growth capital through the Enterprise Investment Scheme and Venture Capital Trusts.

These schemes provide relief for individuals investing in qualifying enterprises, which are higher-risk, early stage enterprise seeking to grow and develop their trade. Raising the investment limits for knowledge-intensive enterprises does not directly raise revenue for the Exchequer. The Government does not monitor any revenue that may be raised indirectly.

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