Welcome News: The UK Budget 2011 - EIS and VCT Schemes


The 2011 Budget introduces significant improvements with proposals that will extend the enterprise investment scheme (EIS) and venture capital trust (VCT) rules. All of the new announcements, which are summarised below, are subject to EU State aid approval. This is very welcome news since these changes have been requested by those in the industry over a period of time.

EIS income tax relief will be available at the rate of 30%, an increase from the present 20% relief.

Please see full alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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