MP signals positive changes to tax-efficient investments in Budget

'Look out' for the Budget

Tom Ellis
clock • 2 min read

Conservative MP and member of the Treasury Select Committee Chris Philp has signalled that tax-efficient investment schemes like VCTs and EISs could receive a boost in the Budget on 22 November.

At the Growth Investor annual awards the MP told attendees, who were largely made up of venture capital trust (VCT), enterprise investment scheme (EIS) and seed EIS sector representatives, that the government recognised that start-up and growth capital "is not nearly as readily available as it should be. "I believe there are opportunities to widen the scope of VCT and EIS and seed EIS, so keep a look out on 22 November," he said. He added: "But, at the same time, where there are very low-risk or asset-backed investments [we need to make sure] those don't unfairly benefit from what are...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

The 'stark' impact of tax and pensions changes on special needs families

The 'stark' impact of tax and pensions changes on special needs families

Among hardest hit by ‘poorly consulted’ reforms

Jen Frost
clock 27 October 2025 • 8 min read
Former BoE governor Lord King slams potential 'mansion tax' proposal – report

Former BoE governor Lord King slams potential 'mansion tax' proposal – report

The potential property tax ‘not a coherent tax strategy’

Isabel Baxter
clock 27 October 2025 • 2 min read
Chancellor urged to tackle IHT 'flaw' for infected blood scandal compensation payments

Chancellor urged to tackle IHT 'flaw' for infected blood scandal compensation payments

HMRC slammed for having ‘no level of urgency’

Jen Frost
clock 22 October 2025 • 4 min read