At first glance, there seemed to be little mention of the venture capital schemes in today’s Spring Budget. However, there is scope for the Seed Enterprise Investment Scheme (“SEIS”), the Enterprise Investment Scheme (“EIS”) and Venture Capital Trust (“VCT”) reliefs to be subject to scrutiny through the ‘Patient Capital Review’. The Chancellor stated the review will “consider existing … Continue reading Spring Budget: EIS under scrutiny?
The first all-Tory Budget of this most political of Chancellors will have to balance his stated commitment to cut government spending by £30bn over the next two years with his self-denying ordinance prohibiting increases in NICS, VAT or income tax in this Parliament. He will want to get the economic pain over with as soon … Continue reading July Budget: what we’re expecting
The Government today announced a mixed bag of proposed changes to the current rules for venture capital schemes including venture capital trusts (VCTs), enterprise investment schemes (EISs) and seed enterprise investment schemes (SEISs). Subject to state aid clearance, these changes include a cap of £15m on total investment received by a company under EIS and VCT, … Continue reading Venture capital scheme tinkering – is the Government still supporting enterprise?
Positive growth forecasts and falling unemployment set a positive tone for this year’s Budget speech, although the Chancellor was frank in his admission that the deficit is still too large. He targeted measures to increase saving, investment, building and exports. We are reviewing the Budget documents which have now been released and will be blogging … Continue reading Export more. Save more. Invest more. Build more.
Great news that the seed enterprise investment scheme which has encouraged investment into high risk start up companies across a range of industries through personal tax reliefs is being made permanent.
As ever, pages of documents have been published backing up the Chancellor’s Budget speech made earlier today. We are analysing these and will soon be blogging more in depth analysis but in the meantime here are some headline changes: Corporation tax rate to be 20% from April 2015 – this will match the small profits … Continue reading The headline changes….more to come
The CGT holiday for investors re-investing gains in SEIS shares has been extended for another year. Whilst this is good news it is disappointing that the re-investment relief is only available for half the gain re-invested. SEIS relief has proved an extremely popular and invaluable means of raising vital seed capital for small start up companies in its … Continue reading Good news for investors in start up companies
We are pleased to see the Government confirm their intention to introduce a new tax relief for seed investment in start up companies. Obtaining seed capital has been challenging for digital media and technology companies. To recap the new relief provides 50% income tax relief on investments up to £100,000 per annum per individual. There is also a maximum amount … Continue reading SEIS – attracting investment in start up companies ?