Finance Bill 2020 – Royal Assent
Royal Assent of the Finance Bill 2020 was given on 22 July 2020.
The Future Fund: EIS and SEIS relief – Finance Bill 2020
The Government has tabled a further series of amendments to the Finance Bill 2020 ahead of its report stage this week.
EIS, SEIS and SITR Statistics: May 2020
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 2018-19 tax year.
COVID-19 support loan schemes, the Venture Capital Schemes and EU State aid limits
We have sought HMRC’s confirmation on the impact of the various support schemes that have been announced by the Government following the COVID-19 outbreak, on the annual and lifetime EU State aid investment allowances for the Venture Capital Schemes (VCTs, EIS and SEIS).
Tolley’s Taxation Awards 2020 – Philip Hare & Associates named as finalist
We are delighted to announce 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 2020.
Finance Bill 2020
The first draft of the Finance Bill 2020 was published today, on 19 March 2020. As anticipated, it contains amendments to the legislation dealing with EIS approved funds as well as setting out the framework for the new EIS approved fund for investment in “knowledge intensive” companies, as announced in the Autumn Budget 2017 and as part of the government’s response to the Patient Capital Review.
Budget 2020
Our note in respect of the venture capital tax reliefs (and other reliefs and measures for SMEs and entrepreneurs) following today’s Budget can be found here
SEIS, Employment Allowance and de minimis State aid
The rules for Employment Allowance are changing from 6 April 2020.
