Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the sunset clause stipulated in s. 261(3) (za) of the Income Tax Act 2007 (as amended by the Finance (No. 2) Act 2015 (c. 33), Sch. 6 para. 2(2)), whether his Department plans to extend income tax relief through venture capital trusts to subscriptions made on or after 6 April 2025.
Venture Capital Trusts, which were introduced in 1995, are designed to encourage individuals to invest indirectly in a range of unquoted smaller, higher-risk, trading companies.
The Government keeps this scheme under review to ensure that it continues to meet its policy objectives in a way that is fair and effective.