Written question asked by Lord Vaizey of Didcot (Conservative) on Wednesday, 19 April 2017, in the House of Commons. It was due for an answer on Monday, 24 April 2017. It was answered by Jane Ellison (Conservative) on Tuesday, 25 April 2017 on behalf of the Treasury.
Enterprise Investment Scheme: Energy
- Question
-
To ask Mr Chancellor of the Exchequer, whether he plans to review the effect of the Enterprise Investment Scheme on energy businesses; and if he will make a statement.
- Answer
-
Energy generation is not a qualifying activity for the tax advantaged venture capital schemes, including the Enterprise Investment Scheme (EIS). The purpose of this rule is to ensure that the tax reliefs offered through the schemes are well targeted towards encouraging investment into companies that struggle to access the finance they need to grow. Companies that develop energy generation technology may still qualify for the schemes.
Secondary information
- Type
- Written question
- Reference
- 71355
- Session
- 2016-17
- Transferred
- Yes
- Subjects
- Energy Enterprise investment scheme
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2017-05-31 16:22:58 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2016-17/71355
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2016-17/71355
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