Contact Us

SEIS

This scheme is designed to help your company raise money when it’s starting to trade. It does this by offering tax reliefs to individual investors who buy shares in your company.
 

EIS

Like SEIS, this scheme helps your company raise funds by offering tax reliefs to individual investors. It is designed to help you grow your business.

With both schemes, there are rules that must be followed so that your investors can claim and keep the tax reliefs relating to their shares.

The shares issued must meet the same requirements under both schemes. They must be paid up in full, in cash, on issue and must be full risk ordinary shares which

  • are not redeemable
  • carry no special rights to your assets
     

Risk-to-capital condition

This applies to both schemes. HM Revenue and Customs (HMRC) need an explanation of how the investment in your company meets the condition, which means:

  • your company must use the funds raised for growth and development
  • the investment should be a risk to the investors' capital
     

How the schemes work

SEIS

  • you can receive a maximum of £250,000
  • this maximum will include any other de minimis state aid received in the 3 years up to and including the date of the investment, and
  • counts towards any limits for later investments through other venture capital schemes
     

EIS

  • you can raise up to £5m each year, and a maximum of £12m in your company’s lifetime, including amounts raised under other venture capital schemes

  • your company must receive initial investment under the scheme within 7 years of its first commercial sale

  • special rules apply to knowledge-intensive companies that extend time and investment limits

Tax reliefs will be withheld, or withdrawn, from your investors if you do not follow the scheme rules for at least 3 years after the investment is made.

Advance assurance

You can ask HMRC if your share issue is likely to qualify before you go ahead.  We can help you with this process. The wording of the risk-to-capital condition narrative is particularly important and we have a track record of getting this right.

Compliance

When you’ve issued your shares, you must complete a compliance statement. Again, we can help you with this process.

Next steps to check your eligibility

If you would like to know more about EIS and SEIS, call us today on 0800 0523 555 or use our simple online form

Join us in three easy steps

1 Sample image

Get in touch

Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help you are looking for.

2 Sample image

Chat to an expert

We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.

3 Sample image

Get a fixed quote

Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 80,684 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free, no obligation consultation

0800 0523 555

Or contact us