Erika Jupe (Osborne Clarke) considers where things stand following the patient capital review, and asks whether the government’s thinking for additional incentives are on the right track.
In November 2016 the prime minister announced that HM Treasury would lead the patient capital review to strengthen the UK as a place where high growth innovative firms can obtain the long term ‘patient’ finance that they need to scale up. The 2017 Autumn Budget included the government response to the patient capital review which included a number of tax and non-tax proposals.
On the tax front action was taken to further improve the current enterprise investment scheme (EIS) and venture capital trusts (VCT) regime for knowledge intensive (KI) companies including doubling the investment limits for KI companies and providing some relaxations of the investment requirements. Those rules are contained in FA 2018.
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Erika Jupe (Osborne Clarke) considers where things stand following the patient capital review, and asks whether the government’s thinking for additional incentives are on the right track.
In November 2016 the prime minister announced that HM Treasury would lead the patient capital review to strengthen the UK as a place where high growth innovative firms can obtain the long term ‘patient’ finance that they need to scale up. The 2017 Autumn Budget included the government response to the patient capital review which included a number of tax and non-tax proposals.
On the tax front action was taken to further improve the current enterprise investment scheme (EIS) and venture capital trusts (VCT) regime for knowledge intensive (KI) companies including doubling the investment limits for KI companies and providing some relaxations of the investment requirements. Those rules are contained in FA 2018.
...
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