The Enterprise Investment Scheme, or EIS, as it is more commonly known, is a scheme by which investors can receive tax relief on the investments they make into certain qualifying businesses.
EIS is similar to the SEIS scheme and therefore it is important that you take professional advice when deciding which scheme is most appropriate for you.
By being flexible and willing to make an EIS application, you make your company more attractive to investors. Investors can claim back up to 30% of the value of the investment in the form of income tax relief. That is potentially a huge saving for investors and therefore offering EIS is a very attractive proposition.
There are qualifying conditions in order for your scheme to qualify for EIS. For example, there are conditions on what the money can be raised for, the value of gross assets and the quantity of employees, and also on the overall limit you can raise using EIS and its associated schemes such as SEIS.
Further to this, you cannot simply issue the shares and leave the matter with the investors; you need to make an application to HMRC, known as a compliance statement.
While there are complexities to who can apply, the potential benefits are huge. The Hybrid experts know EIS through and through and can assist you from simply explaining how a scheme may work for you, to issuing full compliance certificates for your new investors.
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