Advance assurance accompanying letter—EIS
Advance assurance accompanying letter—EIS

The following Tax guidance note provides comprehensive and up to date legal information covering:

  • Advance assurance accompanying letter—EIS
  • Enterprise investment scheme (EIS)—request for advance assurance in relation to a proposed issue of shares by [name of company] (the Company)
  • Appendix 1
  • Appendix 2
  • Appendix 3
  • Appendix 4
  • Appendix 5
  • Appendix 6
  • Appendix 7
  • Appendix 8
  • more

Small Company Enterprise Team

(Admin team) Mid-size Business S07777

Newcastle

NE98 1ZZ

[Insert date]

[Commercially sensitive information]

Dear [insert organisation name]

Enterprise investment scheme (EIS)—request for advance assurance in relation to a proposed issue of shares by [name of company] (the Company)

  1. 1

    Background to the advance assurance request and our authority to act as agent

    1. 1.1

      We are writing, alongside the completed form VCSAA, to request the advance assurance of HM Revenue & Customs (HMRC) that it will be able to authorise the Company to issue certificates under section 204 of the Income Tax Act 2007 (ITA 2007), in respect of the ordinary shares (the Shares) to be issued by the Company as outlined below, following receipt by HMRC of a satisfactorily completed Form EIS1.

    2. 1.2

      As outlined further below, it is intended that the Company [is OR will be] a ‘qualifying company’, will issue ‘relevant shares’ to investors and will issue such relevant shares for the purposes of a ‘qualifying business activity’, in each case as such term is defined for the purposes of Part 5 ITA 2007.

    3. 1.3

      We are authorised by the Company to act on its behalf in relation to this request for EIS