EIS / SEIS applications
The Enterprise Investment Scheme and the Seed Enterprise Investment Scheme are two similar government initiatives to encourage investors to invest early stage, and typically higher-risk, companies.
Investors can benefit from tax breaks of up to 50%, and do not have to pay any capital gains tax on shares sold after three years. For businesses, the investment must be spent on the growth and development of the company.
However, there are several terms and conditions for businesses to adhere to before they can tell potential investors that they are eligible for SEIS or EIS funding. Your accountant will be able to let you know if you qualify and what scheme would be most beneficial for you and your potential investors.
Purple Lime have a wealth of experience in applying to HMRC for these schemes, including liaising directly with the inspectors to ensure a swift and straight-forward acceptance into the scheme.