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  • Tax - EIS qualifying company checklist
    EIS qualifying company checklistThe enterprise investment scheme (EIS) is a good way to incentivise external investors to buy shares and provide much needed capital for your trading company. Use this handy document as a first step to check whether you can offer investors the lucrative EIS relief.When does a company qualify?There are a number of conditions that must be met in order for your company to be a "qualifying company" for EIS purposes. These are separate from the conditions the individual investor must...
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  • Tax - SEIS advance assurance letter
    EIS advance assurance letterIf you're looking to raise money from private investors, you may do this via a share issue. If your company is a trading company, you might be able to apply to have the shares issued under the enterprise investment scheme (EIS). This means the investors can access a number of tax reliefs which act as an incentive for the investment. Use our letter to write to HMRC seeking assurance this relief will be available.When can you request advance assurance?For EIS to apply, there are a number...
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  • Tax - Election for alternative maximum age basis
    Election for alternative maximum age basisCompanies looking to raise finance via an enterprise investment scheme have to receive their first tranche of funding within seven years of their first commercial sale. However, if the company qualifies as a "knowledge intensive company", this is extended to ten years. In addition, it is possible to elect to measure the ten years from a different starting point.EIS restrictionFor investments made on or after 18 November 2015, a new restriction was introduced so that...
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  • Tax - Letter notifying reduction of EIS relief
    Letter notifying EIS relief clawback eventIf you make a qualifying investment under the enterprise investment scheme (EIS), there are a number of things that can happen during the minimum holding period that lead to relief being reduced or fully withdrawn. You need to notify HMRC when this happens.EIS basicsOnce you claim the relief, there are a number of events that can occur which would lead to relief being clawed back or even fully withdrawn. Here we are focusing specifically on the events listed in Part...
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  • Tax - EIS advance assurance letter
    EIS advance assurance letterIf you're looking to raise money from private investors, you may do this via a share issue. If your company is a trading company, you might be able to apply to have the shares issued under the enterprise investment scheme (EIS). This means the investors can access a number of tax reliefs which act as an incentive for the investment. Use our letter to write to HMRC seeking assurance this relief will be available.When can you request advance assurance?For EIS to apply, there are a number...
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