Blog

While we were only sitting in the Walkie Talkie building two weeks ago hearing from VCT thought-leader, Chris Moakes of PwC, about the proposed changes to venture capital schemes that will affect EIS, SEIS and VCTs, the Chancellor delivered even further changes on Wednesday during his Summer Budget. The original age limit for companies proposed in March was 12 years, but has now been brought back to just 7 years of their first commercial sale (10 years for “knowledge-intensive” companies). This change brings the regulation in line with EU Commission regulations on State aid. The 50% turnover averaged over 5… continue reading