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News & Insights

EIS, SEIS and SITR Statistics: May 2022

5 May 2022

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 2020-21 tax year.

Tolley’s Taxation Awards 2022 – Philip Hare & Associates named as finalist

28 March 2022

We are delighted that Philip Hare & Associates LLP have been announced as a finalist in the ‘Best Independent Tax Consultancy Firm’ category at the Tolley’s Taxation Awards 2022.

Spring Statement 2022

23 March 2022

There were no changes to the venture capital tax reliefs (SEIS, EIS, VCTs or SITR) announced in the Chancellor’s Spring Statement today. However there are a couple of points which may be of interest.

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

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.