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Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are government-backed schemes designed to help businesses raise funds by offering tax reliefs to investors.
The Seed Enterprise Investment Scheme (SEIS) is aimed at early stage companies that have been trading for less than two years and have up to a maximum of £200,000 in gross assets. The Enterprise Investment Scheme (EIS) targets larger, more established companies that have been trading for less than seven years and have a maximum of £15m in gross assets (or up to a maximum of £16m after the share issue).
There is a strict criteria to qualify for SEIS and EIS and it is important to ensure that your application is fully compliant with HMRC guidelines.
Investors can receive significant tax benefits through SEIS/EIS, including income tax relief, capital gains tax relief, and inheritance tax relief. These reliefs are designed to encourage investment in high-risk ventures and help investors reduce their overall tax liability.
SEIS/EIS can be a useful tool for both companies and investors. The schemes can provide crucial funding to help businesses grow and expand. For investors, SEIS/EIS can offer the opportunity to invest in high-potential businesses while receiving valuable tax benefits.
Our advisors can assist in a clearance application with HMRC to obtain confirmation that the investments will qualify for the relevant relief.
Whilst SEIS and EIS schemes can be beneficial for growing businesses, companies need to seek expert advice on setting up SEIS or EIS schemes. Investors should seek professional advice before making any investment decisions and ensure that they fully understand the risks and benefits of SEIS/EIS.
For advice on SEIS or EIS please contact us.
Clair’s experience has been generated over almost 20 years in practice. Over this time Clair has worked closely with clients operating in corporate and not for profit environments. Clair enjoys the technical aspect of the application of tax legislation to make sure clients are compliant, and the practical application to make sure that they are tax efficient. Tax is integral to each structure and to every transaction, Clair specialises in advising on the vital areas of corporate tax, tax reliefs and international VAT. The true value of Clair’s advice is that it is designed to provide solutions and is delivered in terms clients understand.
Leading and mentoring a talented team of advisors Clair is driving Alliotts tax offering to ensure that it not only meets, but anticipates the needs of ambitious businesses in a global market. As a testament to her leadership skills Clair was awarded ‘Leader of the Year’ at Westminster Business Council’s 2023 Business Awards.
David is an International Corporate Tax specialist. He has over 30 years’ experience in providing commercially focused tax advice and support to a wide range of clients, from technology start-ups to large inward investing corporates.
A qualified Chartered Accountant, David went on to qualify as a Chartered Tax Adviser and prior to joining Alliotts as a partner in 2014 he held the position of tax partner in Grant Thornton and subsequently in PwC.
David focuses on providing strategic tax advice to entrepreneurs and privately owned businesses. By investing time in understanding clients and their businesses he is able to provide advice which is practical and appropriate to clients’ circumstances in order to keep taxes to a sensible minimum. He advises on a wide range of taxes including transaction planning, UK outbound and inbound structuring, corporate tax, technology tax reliefs, investor and shareholder planning, capital gains tax and LLPs. David advises both UK and overseas business owners on international tax planning.
David also specialises in advising individuals and businesses in the media sector on UK film tax credits, video games tax reliefs and other creative sector tax incentives. He also advises on EIS and SEIS.
Luke is a partner within our Corporate Finance and Outsourced Business Services teams.
Luke’s approach is to invest time in understanding the client’s objectives and uses his expertise and experience to help the client achieve this.
Luke particularly enjoys working with growing businesses and has experience in dealing with clients of a range of sizes, from large private equity firms to startups.
Luke is also honoured to have been recognised in the 2021 Accountancy Age ’35 under 35′ awards, which showcases the rising talent in the industry who are making great contributions to both their firms and field.