EIS

Seed Enterprise Investment Scheme (SEIS) – Changes

October 25

The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are integral pillars of the UK start-up economy. Angel investors who are willing to take significant risks by investing start-ups and small businesses will usually also want to take advantage of income tax deductions on their investment and benefit from no capital gains tax (CGT) liability arising upon the sale of their shares further down the line.

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The ‘Sunset Clause’ And Its Potential Impact On EIS Tax Relief

August 2

Investors have been encouraged to invest in early-stage start-ups by various venture capital schemes, including the Seed Enterprise Investment Scheme (“SEIS”), Enterprise Investment Scheme (“EIS”) and Venture Capital Trust Scheme (“VCT”), which have greatly benefited the UK economy. The EIS scheme saw 3,755 companies raise a total of £1.66bn between 2021 and 2022, while 4,165 firms raised £1.89bn the year prior, according to data from HM Revenue & Customs.

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Changes to HMRC SEIS/EIS Guidance for Film and TV Companies

April 9

HMRC updated its Venture Capital Schemes Manual VCM8560 on 15 March 2021.

The update is regarding Example 3 of VCM8560 which presents an example of a qualifying film company.

The new guidance provides further clarity on how the risk-to-capital condition applies to Film and TV production companies that are seeking SEIS/EIS advance assurance approval.

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Can an investment be EIS qualifying if a company acquires intellectual property and/or generates revenue from royalties?

January 27

Can an investment be EIS qualifying if a company acquires intellectual property and/or generates revenue from royalties?

The Enterprise Investment Scheme (EIS) is an attractive option to those wishing to grow their business and attract the attention of investors (by offering tax reliefs to those who invest).

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How To Complete The SEIS 1 And EIS 1 Compliance Statement And Claim The Tax Reliefs

September 23

Following a company raising investment pursuant to SEIS and/or EIS, an overview of the process whereby the company submits a compliance statement in order to receive certificates that are then distributed to investors who can then claim their individual tax reliefs.

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