Community Energy England (CEE) yesterday shelved plans to sue the Treasury over its surprise decision to make community energy projects exempt from tax relief measures.
The industry body revealed plans to sue the Treasury in November, when along with its counterparts in Wales and Scotland it served a Letter of Action to the government protesting against its plans to exclude community energy schemes from receiving Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) tax relief, as well as Social Investment Tax relief (SITR) from 30 November.
The CEE said the government had failed to honour a promise set out in Chancellor George Osborne's March Budget to provide a six month transition period before removing the tax relief measures.
CEE said that while it believes it still has a "legitimate case" for action it has decided not to devote its "scarce resources" to pursuing judicial review. Instead it said it intends to dedicate its time to "help[ing] the Treasury become better informed about the benefits of bone fide community energy schemes" before the Social Investment Tax Relief scheme is extended next year.
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