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News & Insights

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.

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.

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.