Social Enterprises: Tax Allowances
(asked on 1st December 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much Social Investment Tax Relief was claimed by investors of Social Impact Bonds in each successive tax year since that relief was introduced.
This question was answered on 6th December 2021
The information is not available as investors claiming Social Investment Tax Relief (SITR) are not required to inform HMRC whether they have invested in Social Impact Bonds. HMRC publishes National Statistics annually which break down total investment into SITR companies by tax year, as shown below.
‘p’ denotes a provisional estimate
The information is not available as investors claiming Social Investment Tax Relief (SITR) are not required to inform HMRC whether they have invested in Social Impact Bonds. HMRC publishes National Statistics annually which break down total investment into SITR companies by tax year, as shown below.
Tax Year | Amount raised by SITR enterprises (£ million) |
2014-15 | 0.5 |
2015-16 | 2.3 |
2016-17 | 2.5 |
2017-18 | 2.5 |
2018-19 [p] | 4.7 |
2019-20 [p] | 3.3 |
Total | 15.8 |
HMRC’s National Statistics on SITR can be found at the following link: https://www.gov.uk/government/statistics/enterprise-investment-scheme-seed-enterprise-investment-scheme-and-social-investment-tax-relief-may-2021