European Commission approves ten-year UK sunset clause extension for VCTs and EIS

Extended until April 2035

Sorin-Andrei Dojan
clock • 2 min read

The European Commission (EC) has given the green light to the UK’s prolongation of the Venture Capital Trust (VCT) and Enterprise Investment Scheme (EIS) regimes until April 2035.

In a decision published on 14 August, the executive arm of the EU said it would not raise objections to the UK government's extension of the existing VCT and EIS regimes from 5 April 2025 by a decade. This confirmation, which is needed as part of the Brexit withdrawal agreement, ensures that VCTs/EIS can continue offering their current tax reliefs until 5 April 2035 but further approval will be required after this date. According to the Commission, extending the sunset clause until 5 April 2035, along with allocating an estimated budget of £100m for the ten-year period, is sufficient ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform'

FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform'

'Need a new mindset towards risk'

Linus Uhlig
clock 08 October 2024 • 3 min read
FCA to carry out consolidation review

FCA to carry out consolidation review

Sets out two-year priority timeline

Sahar Nazir
clock 08 October 2024 • 3 min read
FCA remains resolute on whistleblowing review amid claims of inaccuracies

FCA remains resolute on whistleblowing review amid claims of inaccuracies

Following Lloyd report

Linus Uhlig
clock 07 October 2024 • 3 min read
Trustpilot