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registered interest false more like this
date less than 2021-12-01more like thismore than 2021-12-01
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Social Enterprises: Tax Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how much Social Investment Tax Relief was claimed by investors of Social Impact Bonds in each successive tax year since that relief was introduced. more like this
tabling member constituency Loughborough remove filter
tabling member printed
Jane Hunt more like this
uin 85403 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-12-06more like thismore than 2021-12-06
answer text The information is not available as investors claiming Social Investment Tax Relief (SITR) are not required to inform HMRC whether they have invested in Social Impact Bonds. HMRC publishes National Statistics annually which break down total investment into SITR companies by tax year, as shown below.<p> </p><table><tbody><tr><td><p>Tax Year</p></td><td><p>Amount raised by SITR enterprises (£ million)</p></td></tr><tr><td><p>2014-15</p></td><td><p>0.5</p></td></tr><tr><td><p>2015-16</p></td><td><p>2.3</p></td></tr><tr><td><p>2016-17</p></td><td><p>2.5</p></td></tr><tr><td><p>2017-18</p></td><td><p>2.5</p></td></tr><tr><td><p>2018-19 [p]</p></td><td><p>4.7</p></td></tr><tr><td><p>2019-20 [p]</p></td><td><p>3.3</p></td></tr><tr><td><p>Total</p></td><td><p>15.8</p></td></tr></tbody></table>‘p’ denotes a provisional estimate<p> </p>HMRC’s National Statistics on SITR can be found at the following link: <a href="https://www.gov.uk/government/statistics/enterprise-investment-scheme-seed-enterprise-investment-scheme-and-social-investment-tax-relief-may-2021" target="_blank">https://www.gov.uk/government/statistics/enterprise-investment-scheme-seed-enterprise-investment-scheme-and-social-investment-tax-relief-may-2021</a>
answering member constituency South East Cambridgeshire more like this
answering member printed Lucy Frazer more like this
question first answered
less than 2021-12-06T15:37:57.423Zmore like thismore than 2021-12-06T15:37:57.423Z
answering member
4517
label Biography information for Lucy Frazer more like this
tabling member
4839
label Biography information for Jane Hunt more like this