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tabling member printed	Mr Steve Baker
tabling member constituency	Wycombe
uin	143750

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1280785

registered interest

date

26/01/2021

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Social Enterprises: Tax Allowances

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Chancellor of the Exchequer, what assessment he has made of the (a) potential effect on community benefit societies of the Social Investment Tax Relief ending in April 2021 and (b) potential merits of extending that tax relief.

tabling member constituency

Wycombe

tabling member printed

Mr Steve Baker

uin

143750

answer

is ministerial correction

date of answer

01/02/2021

answer text

The Social Investment Tax Relief (SITR) was introduced in 2014 to incentivise risk finance investments in qualifying social enterprises and charities. HMRC statistics show that up to 2018-19, about 110 enterprises have used the scheme to raise £11.2 million. The Government keeps all taxes and reliefs under review in order to ensure they continue to meet policy objectives and represent value for money for taxpayers. The Government previously published a Call for Evidence 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 ahead of its sunset clause in April 2021.

answering member constituency

Hereford and South Herefordshire

answering member printed

Jesse Norman

question first answered

01/02/2021 15:27:19

answering member

3991

	label	Biography information for Jesse Norman

tabling member

4064

	label	Biography information for Mr Steve Baker