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.Read More »
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.Read More »
The Jonathan Lea Network will be hosting another webinar which we welcome you to join for free.
This webinar will focus on the SEIS and EIS tax reliefs and successfully raising early stage investment rounds. The team at JLN advise on hundreds of these matters every year. It will take place on Tuesday 6th October at 5pm.Read More »
The rules surrounding SEIS/EIS are complex and we advise that before making an advance assurance application you seek professional advice.Read More »
Paul is now growing and developing his own film production company, Paul Raschid Media, which has ambitions to produce and develop Full Motion Video (FMV) / Interactive films, enabling the audience to have an active role in the direction the screenplay takes.Read More »
An overview of how long you should expect to wait to hear back from HMRC once SEIS and EIS advance assurance applications have been made. We get asked this question a lot!Read More »
How individual and corporate investors claim loss relief on shares that were subscribed for pursuant to SEIS and EIS.Read More »
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.Read More »
A few of the main points to keep in mind to ensure that film production companies can qualify for the SEIS and EIS tax reliefs available to UK tax resident investors.Read More »
A guide to common UK legal terms and concepts relating to raising VC and angel equity investment.Read More »