Template letters: Save Social Investment Tax Relief (SITR)
Download these template letters for societies that have run or are planning to run community share offers, or for individuals who have invested in community share offers.
Due to a sunset clause in the legislation, SITR will be retired by April 2021 unless action is taken now to extend it.
The Chancellor of the Exchequer, The Rt Hon Rishi Sunak MP, will announce a decision on SITR’s future in the next budget on 3 March 2021.
If your organisation benefited from SITR when you ran your community share offer – or you’re planning to run a share offer in future – this is your chance to secure this support for the future.
How you can support this ask
Please ask your MP to contact the Chancellor of the Exchequer, The Rt Hon Rishi Sunak, and Financial Secretary to the Treasury, The Rt Hon Jesse Norman MP, to press the importance of protecting SITR!
- Download a template letter to send to your MP – on behalf of a society or as an individual.
- Search for your MP and find their email address at www.writetothem.com, which will make the process easier.
- If you do receive a response, please forward it on to [email protected], Programme Manager Community Shares Standards at Co-operatives UK.