EIS / SEIS and SITR
The EIS (Enterprise Investment Scheme)
is a government-backed scheme.
EIS / SEIS and SITR
Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), or Social Investment Tax Relief (SITR)
Have a greater chance of getting investment
By being registered for any of the above you offer a better solution for investors. The main reason for this is the added benefits offered by the government. These include better tax reliefs making their investment a smarter choice than with somebody who isn’t registered for the schemes.
- Income Tax Reliefs
- Capital Gains Freedom, after a time
- Any loss can be covered by maximum exposure
- Business relief covering inheritance tax
Key things to know
Where we come in
As a part of the service we offer everything needed to complete working under any of these schemes. This starts with reviewing any existing taxes and completing or correcting your books ready for submission which we will do. We will sort all of the forecasting and work with you to make sure that everything is correct and ready for investors to see safely that you are a business worth investing with and that compliantly they will gain the extra tax benefits from the scheme.
- Use the Enterprise Investment Scheme (EIS) to raise money for your company
- SEIS is designed to help your company raise money when it’s starting to trade.
Additional Funding Opportunities
There are many tax incentives, grants and funding initiatives available to UK businesses. Whether you’re a start-up or an established business, we can provide you with the crucial advice that will help you access additional cash to help your business grow. We are partnered with Counting King, an industry leading firm, that specialise in tax incentives that can support you with accessing additional funding support. Get in touch to find out more about what cash is available to you today!
EIS / SEIS and SITR
EIS
The money raised by the new share issue must: be spent within 2 years of the investment, or if later, the date you started trading. Not be used to buy all or part of another business, pose a risk of loss to capital for the investor or be used to grow or develop your business
EIS
The money raised by the new share issue must: be spent within 2 years of the investment, or if later, the date you started trading. Not be used to buy all or part of another business, pose a risk of loss to capital for the investor or be used to grow or develop your business
SEIS
There are various rules you must follow so your investors can claim and keep SEIS tax reliefs relating to their shares.
Tax reliefs will be withheld, or withdrawn, from your investors if you do not follow the rules for at least 3 years after the investment is made
SEIS
There are various rules you must follow so your investors can claim and keep SEIS tax reliefs relating to their shares.
Tax reliefs will be withheld, or withdrawn, from your investors if you do not follow the rules for at least 3 years after the investment is made
SITR
You, or your subsidiary, must use the money raised for either: A qualifying trade or be preparing to carry out a qualifying trade (which must start within 2 years of the investment)
SITR
You, or your subsidiary, must use the money raised for either: A qualifying trade or be preparing to carry out a qualifying trade (which must start within 2 years of the investment)
For any help or advice please contact us:
Make sure your Corporation tax is paid on time and correct.
After the end of its financial year, your private limited company must prepare:
- full (‘statutory’) annual accounts
- a Company Tax Return
You need your accounts and tax return to meet deadlines for filing with Companies House and HM Revenue and Customs (HMRC).
You can also use them to work out how
much Corporation Tax to pay.