Venture Capital Schemes: risk-to-capital draft HMRC guidance
HMRC have today published their draft guidance in relation to new the ‘Risk-to-capital’ condition, which is a ‘gateway test’ to be introduced for SEIS, EIS and VCT investments, as set out in the draft Finance Bill 2017-18 which was published on 1 December 2017.
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.
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.
EIS and SEIS Statistics: October 2016
HM Revenue & Customs has published its quarterly update of Enterprise Investment Scheme and Seed Enterprise Investment Scheme statistics.
HMRC taking a tougher line on advance assurance applications with missing information
HMRC taking a tougher line on advance assurance applications with incomplete information
EIS and SEIS Statistics: April 2016
HM Revenue & Customs has published its quarterly update of Enterprise Investment Scheme and Seed Enterprise Investment Scheme statistics.
EIS and SEIS Statistics: January 2016
HM Revenue & Customs has published its quarterly statistics showing amounts raised under the EIS and SEIS, and they show increases in the investments being made.
