News
EIS and SEIS tax relief funding passes £2.1 billion
10 June 2019
A rise over the course of the 2017-18 tax year saw funding for the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) tax reliefs pass the £2.1 billion mark.
The EIS scheme saw the larger increase in approved funding, with an increase in funds raised of £28 million. In comparison, SEIS approved funding rose by approximately £2 million over the year, despite a fall in the number of companies receiving investment.
The EIS scheme allows investors to claim relief on Income Tax of 30 per cent on investments of £1 million or below in high-risk start-ups. Meanwhile, they can also invest as much as £2 million in “knowledge-intensive companies”.
The figures follow a crackdown on some lower-risk investments, which most recently saw a “risk-to-capital” test introduced in the Finance Act 2018.
Link: Tax-efficient EIS companies take in £2 billion despite clampdown
Case Studies
-
Smiles all round for dental practice
-
A modern approach required for music moguls
-
Sometimes a business does exactly as it says on the tin
-
Customer care is top of the list for packaging business
-
A shared passion for architecture and a head for numbers
-
Cut above the rest in personal management style
-
Child's play with proactive accounts management
-
Taxing demands with old school charm
-
A taste for growth, a thirst for knowledge