Consultation on social investment tax relief
At Budget 2013 the government announced that it would introduce a new tax relief for private investment in social enterprise from 2014, and would consult on the detail by summer 2013. The government’s aim in introducing this new tax relief is to complement other government initiatives in encouraging private investment in social enterprise and helping it to become self-sustaining in the long term.
The Prime Minister launched the consultation on 6 June 2013 at the G8 Social Impact Investment Forum in London.
The government will establish a sector-focused working group, which will operate at official level and meet when necessary to take forward the policy design of this new tax relief. If you would like to be a working group member, please send nominations, including details of your current position, by email to firstname.lastname@example.org by 20 June 2013.
Views on the proposed design options for this relief are invited from a wide range of sources including individuals, organisations, and representative and professional bodies. The government especially invites comments from those directly involved in investing in, or seeking investment for, social enterprises.