Venture Capital Schemes advance assurance

Venture Capital Schemes advance assurance | Accountants in Old Kea | Accountants in Penpol | Accountants in Penrose | Accountants in Porthcothan | Accountants in Birchington On Sea | Accountants in Frittenden | Accountants in Farncombe In Godalming | Accountants in Chestfield | Accountants in Detling | Accountants in Fairbourne Heath | Accountants in Harvel | Accountants in Tudeley | Accountants in St Clether | Accountants in Sheffield | Accountants in Towan Cross | Accountants in Trebudannon | Accountants in Trenear | Accountants in Trengale | Accountants in Warbstow Cross | Accountants in West Pentire | Accountants in Westdowns | Accountants in Whitemoor | Accountants in Brampton | Accountants in Barrington | Accountants in Coldham | Accountants in Easton | Accountants in Ickleton | Accountants in Rampton | Accountants in Thriplow | Accountants in Margaretting | Accountants in Sewards End | Accountants in Higher Penpol | Accountants in Restronguet Passage | Accountants in Hartlepool Abbey | Accountants in Rendham | Accountants in Doynton | Accountants in Freshford | Accountants in Nye | Accountants in Mickleton | Accountants in Lower Kilburn | Accountants in Millers Dale | Accountants in Nether Biggin | Accountants in Oversetts | Accountants in Prescot

Venture Capital Schemes advance assurance

There are four tax-advantaged Venture Capital Schemes currently available:

  • The Seed Enterprise Investment Scheme (SEIS)
  • The Enterprise Investment Scheme (EIS)
  • Venture Capital Trusts (VCTs) and
  • The Social Investment Tax relief (SITR)

There are a significant number of qualifying conditions that must be met by companies looking to use any of these schemes. One of the more popular services offered by HMRC is the ability for companies to seek advance assurance that a planned Venture Capital Schemes share issue will meet qualifying conditions. This can help businesses to secure funding by showing potential investors they may be able to claim tax relief.

There are application forms available on GOV.UK for SEIS and EIS advance assurance. For VCTs and SITR there is no specific application form and HMRC should be contacted directly for further assistance. If an application isn’t approved, HMRC will explain why and if possible, a new application can be made for approval.

Since January 2018, HMRC no longer provide an advance assurance on speculative applications. This change was put in place to help reduce the time it was taking for applications to be processed. HMRC does not require a company applying for advance assurance to have formalised offers of investment but rather to have some potential investors on board, who are likely to invest if advance assurance is granted.

For more information on Venture Capital Schemes advance assurance, Book a Free Consultation

Need Accountancy Support?

For information on bespoke training, or if you have any other questions for Makesworth Accountant, please fill in your details below



    By submitting the form, you agree with the storage and handling of your data to contact you to arrange a free consultation with us and to receive latest updates by Makesworth Accountants in accordance with our Privacy Policy

    Proud to be featured in

    Happy with our services? Please leave us a Google Review. Click here