HMRC and HM Treasury published the Tax-Advantaged Venture Capital Schemes consultation on 10 July 2014.
The Government announced the consultation in Budget 2014 “to understand the impact of the recent reforms and expansions of the tax-advantaged venture capital schemes”. The consultation includes sections relating to possible changes to the exiting schemes, such as the use of convertible loans and the exclusion of very low-risk investments. It also seeks views on the compatibility of the schemes with state aid rules and considers the practical impact on the small and medium-sized enterprise market.
The consultation closes on the 19 September 2014. To access it click here.