Source · Select Committees · Treasury Committee
Recommendation 3
3
Accepted
Extend EIS and VCT sunset clauses beyond April 2025, announcing length and timeline
Recommendation
We recommend that HM Treasury extend the EIS and VCT sunset clauses beyond April 2025 at the earliest opportunity. HM Treasury should provide more certainty for founders and investors alike by announcing the length of the extension and a clear timeline for implementing it as soon as possible. (Paragraph 24) Diversity in venture capital
Government Response Summary
The government accepts the recommendation, stating the Chancellor has a firm intention to extend the EIS and VCT sunset clauses beyond April 2025, and will provide further details on the schemes at a future fiscal event to offer certainty.
Government Response
Accepted
HM Government
Accepted
HM Treasury agrees with the Committee that the EIS and VCT sunset clauses should be extended, and the Chancellor has stated his firm intention to extend the schemes beyond the current sunset clause on 6 April 2025. HM Treasury recognise the need to provide certainty to founders and investors and will provide further details on the schemes beyond 2025 at a future fiscal event.