Social investment tax relief: accreditation for SIB contractors
Guidance and an application form for the accreditation scheme for social impact bond contractors eligible for social investment tax relief.
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In order for their investors to claim social investment tax relief (SITR), eligible social impact bond contractors will need to be accredited by the Cabinet Office. This document provides guidance on the accreditation scheme and an application form.
The guidance and application form were updated in January 2016 with amendments to the Social Investment Tax Relief (Accreditation of Social Impact Contractors) Regulations 2014. These changes simplify the accreditation process for social impact contractors with multiple contracts by eliminating the need for separate accreditation for each contract.
After receiving accreditation, the social impact bond contractor will need to submit a SITR compliance statement to HM Revenue & Customs. Read more information about this and the SITR scheme.