European Commission approves UK extension of VCT and EIS schemes for another ten years

In a choice revealed on 14 August, the manager arm of the EU mentioned it will not elevate objections to the UK authorities’s extension of the prevailing VCT and EIS regimes from 5 April 2025 by a decade.
This affirmation, which is required as a part of the Brexit withdrawal settlement, ensures that VCTs/EIS can proceed providing their present tax reliefs till 5 April 2035 however additional approval will probably be required after this date.
In response to the Fee, extending the sundown clause till 5 April 2035, together with allocating an estimated price range of £100m for the ten-year interval, is enough …