VCT (Exchange of Shares and Securities) Regulations – consultation ending 2 January 2018
On 1 December, HMRC published draft amendments to the VCT (Exchange of Shares and Securities) Regulations. Power to amend the Exchange Regulations was given in the Finance Act enacted in November.
Autumn Budget 2017
Our note in respect of the venture capital tax relief schemes following today’s Budget can be found here
Second Finance Bill of 2017
A number of amendments to the venture capital tax relief regimes were originally announced in the 2016 Autumn Statement, and included in the draft 2017 Finance Bill. All of those provisions were dropped from the truncated Finance Act, which was passed prior to the General Election.
Publication of information about tax reliefs that are state aids
Information about businesses receiving state aid of more than €500,000 on or after 1 July 2016 can be found on a European Union (EU) website under EU transparency rules. The Finance Act 2016 permits the publication of certain information about businesses which are beneficiaries of state aid tax reliefs.
EIS and SEIS Statistics: April 2017
HM Revenue & Customs has published its quarterly update of Enterprise Investment Scheme and Seed Enterprise Investment Scheme statistics.
Budget 2017
Our note in respect of the venture capital tax relief schemes following today’s Budget can be found here.
EIS Association Awards – Best EIS/SEIS Tax Adviser 2016
Philip Hare & Associates were proud to again receive the award for ‘Best EIS/SEIS Tax Adviser’ last night at the EIS Association’s prestigious Chairman’s Reception and Awards held at the House of Lords. It is the second year running that the firm has won the award since the firm was founded in 2014.
SITR expansion, draft legislation issued
The government has published the Finance Bill 2017 clauses for the proposed expansion of the Social Investment Tax Relief (SITR). This was trailed at the Autumn Statement in November, and our note of the proposals can be found here.
