It’s official – the EIS is “world-leading”
It’s official – the EIS is “world-leading”! The Tory manifesto published at the end of last week makes fascinating reading. The EIS and SEIS were given specific mention: “We will help innovators and start-ups, by encouraging early stage investment and considering further incentives under our world leading Enterprise Investment Scheme and Seed Enterprise Investment Scheme” This is encouraging and very re-assuring and is clear evidence that our (almost certain!) future government takes support for the Enterprise Economy very seriously. We spend a lot of time watching the signals coming out of government, listening to rumour and lobbying HMRC and HM Treasury for better understanding of the EIS and the issues involved, so statements of this nature are very helpful. It…
Ride the food revolution with the SEIS!
Ride the food revolution with the SEIS! There’s a food revolution going on out there! New research published this week by food retail research specialists Kantar Worldpanel indicates a massive shift going on in food retail. It’s being led by younger people and it’s all about health. According to the research, which has a research base of 30,000 households, 54% of all people had bought a “free from” food product within the last 3 months. My own experience tells me the same – the Free From section in my local supermarket just gets bigger and bigger every month. “Gluten free” and “dairy free” are the two biggest trends, but the obsession with health extends to lactose, refined sugars, processed ingredients and…
How To Survive Losses with the SEIS
How To Survive Losses with the SEIS Losing money is an integral part of the capitalist system, which brings with it both innovation and human progress. As highlighted by Luke Johnson in last weekend’s Sunday Times, a famous pioneer in early-stage tech investing has claimed to have made more failed investments than anyone else in England! The key point is that in among the losers there have been some winners and if you approach early-stage investment on a spread portfolio basis, you stand a good chance of ending up ahead even after allowing for the complete write-off of some of the investments. Further, if you take advantage of the SEIS (Seed Enterprise Investment Scheme) you can dramatically limit your losses….
The Five Big Questions
Your End of the Tax Year Check List Once again we’re into the final weeks of the tax year and the EIS season is ramping up. What’s new this year? The big issue at the moment is the length of time it is taking for sponsors and scheme arrangers to obtain Advance Assurance from HMRC that their EIS companies qualify. In recent years an Advance Assurance has become more and more a basic requirement, with the effect that the numbers of applications to HMRC have been steadily increasing. But the resources at HMRC have not been scaled up to cope with the demand; the result is a huge backlog and delays of many weeks. So much so that at least…
Does Entrepreneurs’ Relief (ER) Apply to Recently Purchased Shares?
Does Entrepreneurs’ Relief (ER) Apply to Recently Purchased Shares? In the case of entrepreneurs selling shares in a company, which they have acquired over time, and in some cases, close to the current sales date…will all of the shares qualify for Entrepreneurs’ Relief (ER)? HMRC say that recently purchased shares will not qualify for ER…but is this always the case? The Basics on Entrepreneurs’ Relief on Share Disposal Entrepreneurs’ Relief applies to a capital gain made from the sale (or transfer) of a business – the tax rate is reduced from the usual maximum of 20% (higher rate tax payer) to just 10%. There are several conditions that must be met for at least one year prior to selling your…
Ceru gets the thumbs up from the media
CERU is the new Levantine casual dining restaurant which has just opened its first permanent site in Central London following a series of highly successful pop-ups in the City, West End, South Bank and at summer musical festivals. The new site in South Kensington has received rave reviews from both the press and customers. There’s been a slew of five star ratings on Trip Advisor plus ecstatic praise from the capital’s foodies – “So Ceru is amazing. We shared the dips, the salads and the vegetables. 2 of us had slow roast lamb and 1 had the prawns skewer. Servings are generous. 3 – 4 dishes each is perfect. Every dish has its own unique flavour, is individually prepared and…