Treasury written question – answered on 6th March 2020.
To ask the Chancellor of the Exchequer, what estimate his Department has made of the number of voluntary organisations that have benefited from Social Investment Tax Relief.
To ask the Chancellor of the Exchequer, what estimate his Department has made of the number of social enterprises that have benefited from Social Investment Tax Relief.
HMRC publish annual statistics of the use of the Social Investment Tax Relief (SITR) scheme. The most recent release is on GOV.UK at: https://www.gov.uk/government/statistics/enterprise-investment-scheme-seed-enterprise-investment-scheme-and-social-investment-tax-relief-statistics-may-2019.
From the introduction of SITR in the tax year 2014-15 up to 2017-18, 80 social enterprises received investment through the scheme, including community benefit societies, charities and community interest companies. Data for the tax year 2018/19 will be published in May 2020.
‘Voluntary organisations’ is not a category used by HMRC to record information in respect of social enterprises using SITR.
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