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United Kingdom · Question · Written question

UIN 39486

Social Enterprises: Tax Allowances

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 April 2020

Last action

1 May 2020 · Answer

Status

Answered

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Discovery layer

Source updated

1 May 2020

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the combined effect on social enterprises of the covid-19 outbreak and the cessation of social investment tax relief after the sunset clause is reached in 2021.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 April 2020

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of the combined effect on social enterprises of the covid-19 outbreak and the cessation of social investment tax relief after the sunset clause is reached in 2021.

    Source: Commons

  2. 1 May 2020

    Answer

    The Social Investment Tax Relief (SITR) is intended to support risk finance into social enterprises by offering investors a 30% tax relief on their qualifying investment. HMRC figures up to 2017-18 show that around 80 social enterprises have used the sche...

    Source: Written answer

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