EIS and VCT limits confirmed
Date: Monday 9th July, 2012
Author: Cathy Corns
Profile: Cathy Corns
The European Commission has given state aid approval to the Budget proposals for increased EIS and VCT thresholds from 6 April 2012.
The agreed thresholds are now:
• Employee limit – less than 250 employees;
• Gross assets – less than £15 million before investment and £16 million after; and
• The maximum annual amount that can be invested in an individual company is £5 million.
Keywords: EIS,VCT,new tax thresholds
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