Consultation on Social Investment Tax Relief for ‘Spot Purchase’ Social Impact Bonds
Consultation on changes to the Social Investment Tax Relief (SITR) accreditation process.
The government is consulting on changes to the Social Investment Tax Relief (SITR) accreditation process for companies set up to deliver a Social Impact Bond (SIB) contract.
These changes are intended to make the accreditation process easier for companies that enter into multiple spot purchase SIB contracts, by eliminating the need for separate accreditation of each contract. These changes affect the Tax Relief for Social Investments (Accreditation of Social Impact Contractor) Regulations 2014 and the Cabinet Office guidance concerning the accreditation of social impact contractors. Please email any comments on this proposal by 30 November 2015 to centreforsocialimpactbonds@cabinetoffice.gov.uk