Policy paper

Draft legislation: Income Tax relief for social investments

This measure makes a number of changes to the Social Investment Tax Relief (SITR) scheme.

• From: HM Revenue & Customs
• Published: 26 January 2017

Documents

Draft legislation: Income Tax relief for social investments

PDF, 148 KB, 12 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Explanatory note for the Income Tax relief for social investments - clause 1

PDF, 161 KB, 4 pages

Details

The changes include an increase in the amount of money newer social enterprises may raise from individual investors under the scheme. These amendments also include provisions to better target the scheme on higher risk activities and deter abuse.

The changes take effect for investments made on or after 6 April 2017.

A tax information and impact note has also been published.

Comments about this legislation should be send to Martin Trott by email: venturecapitalschemes.policy@hmrc.gsi.gov.uk by 23 February 2017.

Published 26 January 2017