Skip to navigation Skip to main content

News & Insights

Venture Capital Trusts – HMRC Statistics at December 2019

16 December 2019

HMRC have published their latest statistics about the number and amount of funds raised by Venture Capital Trusts, along with the number of investors and amounts invested.

HMRC revise guidance and state that a failure to disclose the involvement of an intermediary will invalidate any assurance given

6 December 2019

HMRC have been updating their Venture Capital Relief Manual over the course of the Autumn/Winter and we spotted a revision yesterday at VCM60130 that states “Failure to disclose the involvement of an intermediary will invalidate any assurance given”. ‘Intermediary’ isn’t a defined term, but when reading the paragraphs above an intermediary would seem to include a fund manager or other business promoter or crowdfunding platform, rather than a legal advisor.

HMRC revise Venture Capital Schemes guidance for advance assurance service

9 October 2019

HMRC are publishing revised advance assurance guidance for the Venture Capital Schemes. The guidance will be contained in VCM60000+ and introduces a Checklist which must be completed and submitted alongside any advance assurance requests to the Venture Capital Reliefs Team.

Office Move

14 August 2019

We are pleased to announce that we have moved to our new office, with our new address being:

Budget 2018

29 October 2018

Our note in respect of the venture capital tax reliefs following today’s Budget can be found here

The Finance Act 2018 (Commencement) Regulations 2018

9 August 2018

Further to The European Commission approving the Autumn Budget 2017 changes to the EIS and VCT schemes  Commencement regulations for the Finance Act 2018 changes to EIS, SEIS, and VCTs have now been made. An announcement should be available on HMRC’s website shortly.

European Commission approval of changes to the EIS and VCT schemes

We have been informed that The European Commission has now approved the Autumn Budget 2017 changes to the EIS and VCT schemes without objection. The press release is here.

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.

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.