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Parliamentary Snapshot 2016 (Tax Efficient Summary)

Popular opinion amongst Members of Parliament (MPs) has dramatically shifted against the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs), according to a recent briefing by The Entrepreneurs Network. Between 2014 and 2016, a decreasing percentage of MPs across the House of Commons, from 55% to 35%, said the EIS is effective. However, these numbers are even more dramatic when split into how each individual party felt. In this time period, Conservative MPs who view the EIS as effective went from 68% to 37%. Meanwhile, Labour MPs who view the EIS as effective fell less dramatically from 33% to… continue reading

June 21, 2016