HMRC also requires SEIS/EIS Advance Assurance applications to include a 3 year business plan “of the same level of detail that you would send to your investors”. Basically, if it’s a £150K SEIS round a page or two in your slide deck showing P&L and revenue by year for the next...
One of the biggest problems with the SEIS scheme is that there are many rules to comply with and if one or more of them are broken legislation provides for a complete withdrawal of tax reliefs. This could result in the investor being faced with an unexpected tax liability....
SEIS/EIS Complianceis the official certification from HMRC that investments in your company qualify for the scheme (i.e. your company is SEIS/EIS compliant). For your company to remain SEIS/EIS compliant, you muststayeligible and follow the scheme rules for at least three years after the inve...
This is an indication based on current HMRC guidance. Tax rules can change and benefits depend on individual circumstances. The minimm holding period to retain the tax reliefs is three years and the investment must remain qualifying. This is a simplified explanation of complex rules: if in doubt...
investors should also be aware that under the Financial Services Compensation Scheme (FSCS) rules whilst they may be eligible for compensation in the case of the insolvency of Mariana or the administrator and custodian, they are unlikely to be eligible for compensation if the counterparty becomes ...
This is an indication based on current HMRC guidance. Tax rules can change and benefits depend on individual circumstances. The minimm holding period to retain the tax reliefs is three years and the investment must remain qualifying. This is a simplified explanation of complex rules: if in doubt...
The investor needs to be convinced as to the viability of the business; that there is an understanding of the business risks; and that the business is able to provide them with an adequate return on their investment. The Seed Enterprise Investment Scheme (SEIS) is administered in HMRC by the...
The Seed Enterprise Investment Scheme (SEIS) is administered in HMRC by the Small Companies Enterprise Centre (SCEC). A company can receive advanced agreement that its proposal will qualify for the scheme. The SCEC decides if a company and a share issue qualify for the scheme, and it is al...