Why advisers should rethink their tax planning approach as VCT reliefs change

The Enterprise Investment Scheme (EIS) offers UK taxpayers some of the most generous tax reliefs on the planet. However, for years, venture capital trusts (VCT) have been the more comfortable choice for many advisers seeking to provide clients with tax efficiency. Being listed vehicles, being available on familiar platforms, push-button applications and integrated reporting made VCTs feel effortless. They offered a neat solution for clients seeking tax efficiency, and for advisers, they slotted seamlessly into established workflows. But the landscape is changing. From 6 April 2026,...