EIS
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Enterprise Investment Scheme
Investors that make early-stage investments can save a lot of money on their income taxes thanks to the EIS and SEIS tax incentives. Our accountants assist SMEs and start-ups by completing and submitting HMRC advanced assurance and EIS/SEIS forms. Your company’s appeal to UK investors will increase with EIS/SEIS clearance. To learn if you qualify, get in touch with our EIS expert. EIS is created so that your company can raise capital to support business expansion. This is accomplished by providing tax breaks to private investors who purchase new shares of your company.
How scheme works ?
You can raise a maximum of £12 million for your firm over the course of its existence under EIS, or £5 million every year. This covers sums obtained from other venture capital plans as well. Within seven years of making its first commercial sale, your business must get funding through a venture capital programme.
EIS Tax:
In order for your investors to be able to claim and retain EIS tax reliefs related to their shares, you must abide by the plan rules. If you do to abide by the guidelines for at least three years following, tax relief will be withheld from or taken away from your investors. Businesses that may apply the strategy You may use the programme if your business: a. has a persistent presence in the United Kingdom. b. is not currently trading on a recognised stock exchange and has no intention of doing so c. does not have any influence over any entity other than its eligible subsidiaries d. is not controlled by, or does not have another company possess more than 50% of its shares e. does not intend to shut down after finishing a project or a set of projects f. Your business, along with any eligible subsidiaries, must: g. not possess gross assets valued at more than £15 million prior to issuing any shares, and not more than £16 million after issuing any shares. h. at the time the survey was taken, employ fewer than 250 full-time equivalent.
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