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HMRC publishes Cryptoassets Manual

1 April 2021

On 30th March, HMRC published a Cryptoassets Manual, stating that the aim of the manual is to help people understand the tax implications that can arise from transactions involving cryptoassets. It is written for HMRC staff but may also assist taxpayers and their professional advisers in understanding HMRC’s interpretation of the law.

Social Investment Tax Relief: summary of responses to the call for evidence

23 March 2021

The government has today published a series of tax documents, consultations and consultation responses as part of ‘Tax Day’ 2021.

Finance Bill 2020 – Royal Assent

Royal Assent of the Finance Bill 2020 was given on 22 July 2020.

EIS, SEIS and SITR Statistics: May 2020

29 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.

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.

SEIS, Employment Allowance and de minimis State aid

5 March 2020

The rules for Employment Allowance are changing from 6 April 2020.

HMRC new guidance on advance subscription agreements

6 January 2020

On 30th December 2019, HMRC added new guidance to the Venture Capital Reliefs Manuals in relation to Advance Subscription Agreements (“ASAs”) in relation to the SEIS and the EIS.

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.

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.