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Streamlining the tax-advantaged venture capital schemes

Streamlining the tax-advantaged venture capital schemes
Published on: 05 January 2017
Published by: LexisPSL
  • Streamlining the tax-advantaged venture capital schemes
  • Original news
  • What are the proposals relating to share conversion rights for EIS and SEIS investments in draft clause 15 of Finance Bill 2017 and what do they mean in practice?
  • What does draft clause 16 of Finance Bill 2017 propose in relation to follow-on funding for investments made by VCTs following a reorganisation?
  • Why are these provisions deferred until April 2017 given the EIS and SEIS changes have come in from 5 December 2016?
  • Do any of the proposed options for stream-lining the advance assurance process ring alarm bells for the industry or advisers?
  • A number of the proposals would result in more investigation by HMRC at the compliance statement phase, do you see problems with that aspect of the proposals?
  • Is there any news on the promise of a digital process for EIS and SEIS compliance?
  • Is the decision not to introduce rules allowing replacement capital a disappointment to the industry?

Article summary

Tax analysis: Sue Crawford, partner, and Andrew Lindsay, associate at Wiggin LLP, examine the proposals in the draft Finance Bill 2017 and the consultation paper on advance assurance concerning the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and venture capital trust (VCT) schemes, assessing their potential impact and what they mean in practice. or take a trial to read the full analysis.

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