<p>Impact Assessments
June 2010
June 2010
Impact Assessments
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ISBN 978-1-84532-744-6
PU1013
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Impact Assessments
1
Contents
Page
1
Changes to the Tax-based Venture Capital Schemes and Enterprise
Management incentives
1
2
Modernisation and Compliance Check
15
3
Impact Assessment of a change to the standard rate of VAT
31
Summary: Intervention & Options
Department /Agency:
HM Treasury/ HM Revenue
and Customs
Title:
Impact Assessment of Changes to the Tax-based
Venture Capital Schemes and Enterprise Management
Incentives
Stage: Final
Version: 1
Date: 7 June 2010
Related Publications:
Available to view or download at:
http://www.hm-treasury.gov.uk
Contact for enquiries: Mike Crabtree
Telephone: +44 (0)20 7270 5966
5966024
What is the problem under consideration? Why is government intervention necessary?
This impact assessment covers legislative changes announced at PBR 2009 and proposed in Finance
(No 2) Bill 2010 for the Venture Capital Schemes - the Enterprise Investment Scheme (EIS) and
Venture Capital Trusts (VCTs) - and Enterprise Management Incentives (EMI). The venture capital
schemes give tax relief to investors in small companies that otherwise have difficulty raising finance.
EM