For our first share issue a number of shareholders requested Social Investment Tax Relief (SITR); UTCE was authorised by HMRC to issue all relevant certification.
SITR may be available for the second share issue in 2023, depending on current policy at HMRC.
UPDATE AUGUST 2024.
HMRC closed the SITR scheme half way through our second share issue, meaning that the majority of shareholders would be ineligible. To procure SITR for a minority of shareholders, UTCE would have incurred considerable accountancy fees, quite possibly greater than the tax saving that could have been achieved. Thus it has been decided not to pursue SITR on this occasion.