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United Kingdom · Question · Written question

UIN 148734

Social Enterprises: Tax Allowances

answeredUnited Kingdom· UK Parliament· EN

Introduced

3 February 2021

Last action

12 February 2021 · Answer

Status

Answered

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Discovery layer

Source updated

12 February 2021

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the evidence from HMRC that a rise in the number of Social Investment Tax Relief investments during 2018-19 may be due to increased awareness of SI

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Timeline

  1. 3 February 2021

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the evidence from HMRC that a rise in the number of Social Investment Tax Relief investments during 2018-19 may be due to increased awareness of SI

    Source: Commons

  2. 12 February 2021

    Answer

    The Social Investment Tax Relief (SITR) was introduced in 2014 to incentivise risk finance investments in qualifying social enterprises and charities. HMRC statistics show that up to 2018-19, about 110 enterprises have used the scheme to raise £11.2 milli...

    Source: Written answer

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