Venture Capital Trusts: Tax Allowances — Written Question

Question

Charlie Dewhirst

Conservative — Bridlington and The Wolds

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of reducing upfront VCT income tax relief on (a) future Venture Capital Trust fundraising and (b) investor behaviour across other tax-advantaged invest

Answer

Dan Tomlinson

At Budget, the government announced a comprehensive package of entrepreneurship tax measures designed to provide substantially enhanced support for scaling businesses across the UK. This includes doubling the maximum amount that a company can raise throug...

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