Updated: added John Hemming, Charity Tax Group
At Budget 2013 the government announced that it would introduce a new tax relief for private investment in social enterprise from 2014, and would consult on the detail by summer 2013. The government’s aim in introducing this new tax relief is to complement other government initiatives in encouraging private investment in social enterprise and helping it to become self-sustaining in the long term.
The Prime Minister launched the consultation on 6 June 2013 at the G8 Social Impact Investment Forum in London.
Working group
The government has established a working group to complement wider consultation on the new tax relief and to discuss options and proposals in more detail.
Membership of the working group, the terms of reference, and a summary note of group discussions can be found below.
Members of the social investment tax relief consultation working group
Paul Bater, Institute of Chartered Accountants
Stephen Bristow, British Film Institute
Sir Stephen Bubb, Social Investment Business
Charlotte Chung, Social Enterprise UK
Prof Simon Denny, Northampton Business School, University of Northampton
Lucy Findlay, Social Enterprise Mark
Luke Fletcher, Bates Wells Braithwaites
Gavin Francis, Worthstone
Tom Hall, Scope
Heidi Harris, Harris & Harris Accountancy Services Community Interest Company
Helen Heap, Private consultant
Katie Hill, City of London Corporation
Doug Hull, Charity Finance Group
John Kingston
Vaughan Lindsay, Dartington Hall Trust
John Mulkerrin, Community Interest Company Association
Neil Pearson, Wragge & Co
Charlotte Ravenscroft, National Council for Voluntary Organisations
Simon Rowell, Big Society Capital
Antony Timmins, Price Waterhouse Coopers
Annika Tverin, Social Finance
John Hemming, Charity Tax Group
Views on the proposed design options for this relief are invited from a wide range of sources including individuals, organisations, and representative and professional bodies. The government especially invites comments from those directly involved in investing in, or seeking investment for, social enterprises.