On Budget day the government announced restrictions on the scope for companies benefiting from support under DECC Renewable Obligations Certificates (ROCs) and Renewable Heat Incentives (RHI) to also be eligible for tax-relieved investment under the Venture Capital schemes (SEIS, EIS and VCT). The government has now published further information about the scope of the legislation, which they hope will go some way to providing reassurance and certainty about the change. The legislation itself will be introduced during Report Stage of the Bill and will be published shortly beforehand, along with the accompanying tax information and impact note and explanatory notes.
Please click below for more information:-
