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News & Insights

EIS, SEIS and SITR Statistics: May 2021

28 May 2021

HM Revenue & Customs have published the latest Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS) and Social Investment Tax Relief (SITR) statistics for period up to the 2019-20 tax year.

OTS Capital Gains Tax Review

The Office of Tax Simplification (OTS) issued its second report on simplifying practical, technical and administrative issues with the Capital Gains Tax (CGT) system. The scope of the report considers a range of key CGT issues and includes comments on the interaction with CGT reliefs under the SEIS and EIS and how the schemes function administratively.

HMRC publishes Cryptoassets Manual

1 April 2021

On 30th March, HMRC published a Cryptoassets Manual, stating that the aim of the manual is to help people understand the tax implications that can arise from transactions involving cryptoassets. It is written for HMRC staff but may also assist taxpayers and their professional advisers in understanding HMRC’s interpretation of the law.

Social Investment Tax Relief: summary of responses to the call for evidence

23 March 2021

The government has today published a series of tax documents, consultations and consultation responses as part of ‘Tax Day’ 2021.

Budget 2021

3 March 2021

Following today’s Budget, our note in respect of the venture capital tax reliefs (and certain other reliefs and measures regarding investment in business) can be found here

Business Secretary launches consultation for new UK subsidies system

3 February 2021

Business Secretary, Kwasi Kwarteng, has today published a ministerial statement and launched an 8 week consultation on a proposed new subsidy control system following the UK’s departure from the EU.

EIS Association Awards – Best EIS/SEIS Tax Adviser 2020

16 October 2020

Philip Hare & Associates were proud to receive the award for ‘Best EIS/SEIS Tax Adviser’ last night at the EIS Association’s Chairman’s Reception and Awards. It is the fourth year that the firm has won the award since the firm was founded in 2014. We’re delighted that our contribution to the industry and the small business community is recognised in this way.

Finance Bill 2020 – Royal Assent

Royal Assent of the Finance Bill 2020 was given on 22 July 2020.

Expert, Impartial Advice

Tax relief schemes are a key part of the UK Government's strategy to help small and growing businesses raise much-needed capital. We advise businesses looking to raise money under these schemes and can deal with HMRC on your behalf.