Prior to 6 April 2012, the basic element of child tax credit was protected up to a family income level of £40,000 but this has now been removed. Child tax credits are now tapered away much earlier. The child tax credit calculation is very complicated.
The Venture Capital Trust Scheme was introduced in 1995. In some ways, this could be viewed as an extension to the Enterprise Investment Scheme (EIS). VCT investments are effectively a collective investment trust which invests in a number of EIS-type companies, effectively spreading the risk. The scheme is aimed at investors who wish to invest in new and expanding companies and obtain the associated tax breaks, without putting all of their eggs in one basket.
Professor Paul Ekins, October 2009. A UK Perspective on carbon-related taxation, which suggests that a significant increase in carbon tax rate would only be politically feasible if it were implemented on a broadly revenue-neutral basis.