Potential VCT and EIS changes - keenly anticipated for 12 months due to the government's Patient Capital Review - should finally be revealed in the Budget. Here, writes Tom Ellis, is all you need to know on the subject ...
First of all, the current period of venture capital trust (VCT) and Enterprise Investment Scheme (EIS) rules, coupled with pension rule changes and low market returns pushing investors to riskier asset classes, seems to have fostered the most attractive VCT and EIS market for investors in the schemes' histories. VCTs experienced their second-best inflows in 2016/17, according to official HM Revenue & Customs figures. And, while EIS saw a year-on-year 2% drop, the £1.89bn raised was still the second highest amount invested through the scheme since it was launched 24 years ago. The inve...
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