The changes include an increase in the amount of money newer social enterprises may raise from individual investors under the scheme. These amendments also include provisions to better target the scheme on higher risk activities and deter abuse.
The changes take effect for investments made on or after 6 April 2017.
A tax information and impact note has also been published.
Comments about this legislation should be send to Martin Trott by email: firstname.lastname@example.org by 23 February 2017.