Venture Capital Trusts: Tax Allowances

Treasury written question – answered at on 4 June 2018.

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Photo of Peter Dowd Peter Dowd Shadow Chief Secretary to the Treasury

To ask Mr Chancellor of the Exchequer, how many (a) businesses and (b) people claimed income tax relief through Venture Capital Trusts in 2016-17.

Photo of Peter Dowd Peter Dowd Shadow Chief Secretary to the Treasury

To ask Mr Chancellor of the Exchequer, how many (a) businesses and (b) people claimed income tax relief through the Seed Enterprise Investment Scheme in 2016-17.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

HMRC publishes statistics on the number of individuals claiming income tax relief on investments in Venture Capital Trusts here:

https://www.gov.uk/government/collections/venture-capital-trusts-statistics

The latest release of these statistics was published in December 2017 and includes data up to 2015-16. Statistics for 2016-17 will be published later this year.

HMRC publishes statistics on the number of individuals claiming income tax relief through the Enterprise Investment Scheme and Seed Enterprise Investment Scheme here:

https://www.gov.uk/government/collections/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-statistics

The latest release of these statistics was published in October 2017 and includes data up to 2015-16. Statistics for 2016-17 will be published on 31 May 2018.

Only individuals are eligible to claim tax relief on investments under the schemes.

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