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News & Insights

Tolley’s Taxation Awards 2023 – Philip Hare & Associates named as finalist (again!)

30 March 2023

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 2023.

Finance (No. 2) Bill published

Further to the Spring Budget 2023, the Finance (No. 2) Bill has today been published in draft.

Spring Budget 2023

15 March 2023

Following today’s Spring 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

Change of procedure for Venture Capital Schemes Compliance Statement submissions

31 January 2023

On 31st January, HMRC have implemented new procedures for submitting Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) Compliance Statements to HMRC (these are known as SEIS1 and EIS1 forms).

The Labour Party “Start-up, Scale-up” review.

8 December 2022

The Labour Party has today published its “Start-up, Scale-up”  review, a copy of which can be found here.  The report was released after a call for evidence earlier this year on what support UK start-ups need in order to better succeed. The report comes out strongly in favour of SEIS, EIS and VCTs and has identified several areas where the tax reliefs could be improved to better assist companies. The report’s recommendations include:

Autumn Statement 2022

17 November 2022

There were no changes to the venture capital tax reliefs announced in the Chancellor’s Autumn Statement today. The Chancellor did set out:

Change of procedure for Venture Capital Schemes Advance Assurance applications

27 October 2022

On 27th October, HMRC implemented new procedures for receiving advance assurance applications under the Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS) or from a Venture Capital Trust (VCT).

Chancellor’s Growth Plan and Mini Budget

23 September 2022

Following today’s Growth Plan, announced by the Chancellor in his ‘Mini Budget’, our note in respect of the venture capital tax reliefs (SEIS, EIS and VCTs) 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.