Extension of EIS and VCT 'sunset clause' - Philip Hare & AssociatesPhilip Hare & Associates

By Philip Hare

4 September 2024

Further to our update of 21 August reporting that the European Commission had confirmed that it had no objections to the prolongation of the EIS and VCT schemes, we are pleased to advise that the relevant Treasury Order has been laid before Parliament in a Statutory Instrument dated 3 September 2024.

This means that the EIS and VCT ’sunset clause’ has been officially extended to 5 April 2035 which is great news for the industry and companies seeking to raise funds from investors.

Expert, Impartial Advice

Tax relief schemes are a key part of the UK Government's strategy to help small and growing businesses raise much-needed capital. We advise businesses looking to raise money under these schemes and can deal with HMRC on your behalf.

About Us