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<p>The Social Investment Tax Relief (SITR) was introduced in 2014 to encourage 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.</p><p> </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 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.</p>
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