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answer › question first answered	2024-04-25T10:33:32.193Z
answering dept sort name	Treasury
uin	HL3766

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registered interest

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

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legislature


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tabling member printed

uin

answer

is ministerial correction

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answering member printed

question first answered

answering member


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label

1700697

registered interest

date

15/04/2024

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

UK-EU Trade and Cooperation Agreement

house id

legislature

25277

pref label	House of Lords

question text

To ask His Majesty's Government, further to remarks by Baroness Vere of Norbiton on 21 February (HL Deb col 666) with regard to the Trade and Cooperation Agreement in the context of engaging with the EU for approval for extending the enterprise investment scheme (EIS) and venture capital trust (VCT) scheme, whether the subsidy control provisions of the Trade and Cooperation Agreement apply to EIS and VCT relief, in particular the requirement under Article 363 of that agreement that a subsidy must be selective.

tabling member printed

Lord Leigh of Hurley

uin

HL3766

answer

is ministerial correction

date of answer

25/04/2024

answer text

The government is extending the sunset clause for the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) scheme to 2035.The UK-EU Trade and Cooperation Agreement is now the primary framework governing subsidy control between the UK and EU. As such, EU State aid rules no longer apply to the UK, save for the limited circumstances covered by the Windsor Framework.For the EIS and VCT schemes, the government is engaging with the EU, under the Windsor Framework, due to Northern Ireland’s unique access to the EU Single Market.

answering member printed

Baroness Vere of Norbiton

question first answered

25/04/2024 10:33:32

answering member

4580

label	Biography information for Baroness Vere of Norbiton

tabling member

4295

label	Biography information for Lord Leigh of Hurley