Skip to navigation Skip to main content

News & Insights

European Commission approval of changes to the EIS and VCT schemes

EIS, SEIS and SITR Statistics: May 2018

4 June 2018

HM Revenue & Customs have published the latest Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS) and Social Investment Tax Relief (SITR) statistics for the 2016-17 tax year.

Finance (No.2) Bill 2017-19 – Royal Assent

16 March 2018

Royal Assent of the Finance (No.2) Bill 2017-19 was given on 15th March 2018.

Finance (No.2) Bill 2017-19 – further update on progress

9 March 2018

An update was published on Parliament’s website on 9th March advising that the House of Lord’s second reading of the Finance (No.2) Bill 2017-19 – the general debate on all aspects of the Bill – and all remaining stages took place on 8 March. However, Royal Assent (the final stage of a Bill’s passage through Parliament when the Bill becomes an Act) is now not expected until 15 March.

Finance (No.2) Bill 2017-19 – update on progress

28 February 2018

The second reading by the House of Lords (and remaining stages) of the Finance (No.2) Bill 2017-19 is scheduled for 8 March 2018. Royal Assent is expected on that day, or shortly thereafter.

EIS Association Awards – Best EIS/SEIS Tax Adviser 2017

7 February 2018

Philip Hare & Associates were proud to again receive the award for ‘Best EIS/SEIS Tax Adviser’ last night at the EIS Association’s prestigious Chairman’s Reception and Awards held at the House of Lords. It is the third year running that the firm has won the award since the firm was founded in 2014.

VCT (Exchange of Shares and Securities) Regulations update

2 February 2018

On 30 January 2018, the amended VCT (Exchange of Shares and Securities) Regulations were laid before Parliament, and they come into force for transactions on or after 22 February 2018. Our note summarising the Regulations is here.

Tax-advantaged venture capital schemes – streamlining the advance assurance service – consultation response

On 1 December 2017, HMRC issued their response to the consultation that took place in relation to the advance assurance service for the tax-advantaged venture capital schemes (SEIS, EIS, VCT and SITR). The consultation was announced at Autumn Statement 2016 and closed on 31 January 2017. HMRC published a summary of responses on 20 March 2017 and have now provided their full response following a number of new measures announced in the Autumn Budget 2017.

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.