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Enterprise Investment Scheme

Question for HM Treasury

UIN 111407, tabled on 3 November 2017

To ask Mr Chancellor of the Exchequer, how much has been collected by HM Revenue and Customs in VAT from companies that had previously received Enterprise Investment Scheme tax relief in each of the last 10 years.

Answered on

13 November 2017

HMRC estimates that companies which raised funds under the Enterprise Investment Scheme (EIS) between 2006‑07 and 2015‑16 had a Corporation Tax liability of £95 million in 2015‑16, the latest year for which data are available.

This cannot be considered to be additional tax generated due to EIS, as it does not take account of the additionality or opportunity cost of investment.

The information requested about VAT and PAYE Income Tax is only available at disproportionate cost.

Answered by

Treasury