Venture capital trusts (VCTs) stand to regain millions of pounds in VAT after a HM Revenue and Customs (HMRC) decision to allow claims dating back three years.
The Association of Investment Companies (AIC) has estimated that firms could be set to receive £30 million, the Financial Times reports.
Ian Sayers, deputy director general at the AIC said the move acknowledged the role of VCTs in the financial system.
He explained: "Venture capital trusts make an important contribution to the economy by investing in smaller, potentially high-growth businesses that promote innovation, industrial change and other interest-bearing assets tax efficiently."
Meanwhile, a new service from HMRC to reschedule business tax payments is making a real difference for UK firms, an expert has claimed.
Stephen Timms, financial secretary to the Treasury, has said he is "really pleased" that support is being given to over 530 businesses in London alone.
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