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<p>The Social Investment Tax Relief (SITR) was introduced in 2014 to incentivise risk
finance investments in qualifying social enterprises and charities. In order to target
SITR towards the highest-risk social enterprises, certain activities are excluded
from the scheme, including community energy.</p><p>HMRC statistics show that up to
2018-19, about 110 enterprises have used the scheme to raise £11.2 million.</p><p>The
Government keeps all taxes and reliefs under review in order to ensure they continue
to meet policy objectives in a way that is fair and effective. The Government previously
published a Call for Evidence in 2019 on SITR’s use to date. A response to the consultation
will be published in due course and a decision on SITR’s future will be announced
at the Budget.</p>
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