9 July 2018
We have been informed that The European Commission has now approved the Autumn Budget 2017 changes to the EIS and VCT schemes without objection. The press release is here.
We understand that a detailed decision letter will be published in due course and HM Treasury are proceeding with the process of laying commencement provisions which are required in order to bring the regulations into UK law. As with all parliamentary processes, we cannot be sure of an exact date that this will occur, but it is expected to be soon, with the provisions backdated to 6 April 2018.
Our summary of the Autumn Budget 2017 changes to the EIS and VCT schemes is set out here.
