Advance assurance accompanying letter—SEIS
Advance assurance accompanying letter—SEIS

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

  • Advance assurance accompanying letter—SEIS
  • Seed enterprise investment scheme (SEIS)—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

Venture Capital Reliefs Team

HM Revenue and Customs

WMBC

BX9 1QL

[Insert date]

[Commercially sensitive information]

Dear Venture Capital Reliefs Team

Seed enterprise investment scheme (SEIS)—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 and SEIS checklist, to request the advance assurance of HM Revenue & Customs (HMRC) that it will be able to authorise the Company to issue certificates under section 257EC 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 SEIS1.

    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 5A of ITA 2007.

    3. 1.3

      We are authorised by the Company to act on its