HM Treasury review of Social Investment Tax Relief (SITR)

Editor News

HM Treasury has published a call for evidence seeking the views of organisations and individuals on how SITR has affected access to finance for social enterprises.

Its aim is to enable the Government to understand how SITR has been used since its introduction in 2014, including the levels of take-up and what impact it has had on social enterprises’ access to finance. The SITR has a sunset clause which will bring the scheme to an end in April 2021, and the call for evidence will help inform a decision about the future of the relief.

The deadline for comments is 17 July 2019, with responses to be sent to SITRReview@hmtreasury.gov.uk. Read more here.

If you are interested in finding out more about whether your charity could use SITR, Big Society Capital are hosting a webinar on 2 May 2019. Full details can be found here.