The UK Government will extend the existing sunset clauses for enterprise investment schemes and venture capital trusts.
In today's (22 November) Autumn Statement, the government said it will extend these by a decade to 6 April 2035, after the Treasury confirmed last month the clauses would be extended to April 2025. Treasury confirms extension to VCT and EIS sunset clause Richard Stone, CEO of the Association of Investment Companies, said the extension was "excellent news" addressing "an urgent issue, as the sunset clause would have automatically ended VCT tax relief in April 2025". He said the move will help provide certainty to investors and businesses as well as enable VCTs to "continue supportin...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes