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

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

  • Advance assurance accompanying letter—SEIS

Advance assurance accompanying letter—SEIS

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for Tax?

Venture Capital Reliefs Team

HM Revenue and Customs



[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.

      1. 1.2

        As outlined further below, it is intended that the Company is or will be a ‘qualifying

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