UK-EU Trade and Cooperation Agreement

Treasury written question – answered am ar 14 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Leigh of Hurley Lord Leigh of Hurley Chair, Finance Bill Sub-Committee, Chair, Finance Bill Sub-Committee

To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 25 April (HL3766), when they sought permission from the EU to extend the sunset clause for enterprise investment schemes and venture capital trust schemes.

Photo of Baroness Vere of Norbiton Baroness Vere of Norbiton The Parliamentary Secretary, HM Treasury

The government’s engagement with the EU Commission on the extension of the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) sunset clauses is ongoing.

The government believes the schemes continue to be consistent with subsidy control principles and address an evidenced market failure.

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