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Although we constantly praise VCTs and the other tax advantaged venture capital schemes, what can be sometimes forgotten is that these schemes actually come at a cost to the taxpayer – money that the government could have chosen to spend elsewhere. Therefore it’s important to measure – or at least attempt to measure – the value for money these schemes give to the taxpayer. We collated all the data that HMRC published on these schemes in their annual statistics reports and tried to come up with an estimate of what the upfront cost is to the taxpayer, based on the… continue reading