The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
The enterprise investment scheme (EIS) encourages individuals to invest money in shares issued by qualifying unquoted companies with a permanent establishment in the UK.
A subscription for eligible shares of a qualifying EIS company is a tax efficient investment for the individual. He can benefit from the following tax reliefs:
This guidance note discusses the calculation of the amount of income tax relief that might be withdrawn or reduced in certain situations.
Broadly, income tax relief is withdrawn if, within three years of subscription (or three years from the commencement of the trade, if later):
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