09 May 2018
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Hugi Clarke: "While it is unlikely the regulatory burden will disappear entirely, the unprecedented scale of MiFID II and its impact on the VCT sector is unlikely to be matched in the near future."
Two factors largely prevented the last tax year from overhauling the all-time VCT fund-raising record but, explains Hugi Clarke, both are temporary - or at least are capable of being dealt with by financial advisers
Last month marked the close of an exceptional tax year for venture capital trusts (VCTs), with a total of £728m invested. Not only was this 34% higher than last year's total of £542m - and the sixth yearly...
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