30% EIS income tax relief on amount subscribed (up to a maximum investment of £1 million for the 2018/2019 tax year. Option to carry back to previous tax year providing the £1 million limit for that year has not been exceeded. As announced in the Autumn Budget 2017 the maximum annual investment limit has increased to £2 million provided that any amount over £1 million is invested in one or more "knowledge-intensive" companies. The investment must be held for a minimum of 3 years to retain this relief);
100% inheritance tax relief after two years (provided the investment is held at the time of death);
EIS Capital Gains Tax deferral for the life of the investment on amount subscribed;
100% tax free growth (provided income tax relief has been given and not withdrawn and disposal takes place after the end of the EIS three year period);
Loss relief (a loss on shares disposed of can be set against an Investor’s income or capital gain to reduce tax); and
Business Investment Relief (no taxable remittance for foreign income or gains brought into the UK from offshore for qualifying investments for certain UK resident non-domiciled investors).
Obtaining HMRC advance assurance can be time consuming. We are here to help.
It is very important that any startup company wishing to obtain investment ensures it has obtained SEIS advance assurance from HMRC. Although it is not necessary to obtain this in order for an investor to invest in a company, the vast majority of investors will request that advance assurance is obtained before making an investment. We are here to ensure that your company will be investment ready.
We check your trade qualifies for EIS (not all businesses qualify for SEIS/EIS - so it is important to check that your trade is not specifically excluded by HMRC - this may save you a lot of wasted time);
We prepare the HMRC documents (with your help, we will put together a comprehensive SEIS/EIS advance assurance application package to be submitted to HMRC);
We make the HMRC application (we will submit the application to HMRC on your behalf as your agent);
We answer all the HMRC questions (with your help, we will deal with any HMRC questions);
We work with HMRC to get issues resolved (any outstanding HMRC questions will continue to be addressed until they are fully resolved); and
We obtain your EIS advance assurance.
We have assisted numerous clients with their investor documents, write business plans and assist with the drafting of an information memorandum.
Our eBook will save you valuable time and expense in your quest to get your start up company approved by HMRC and more importantly and get you ready for receiving financing.
Fill in the form to request the eBook.
I was delighted with the service that I received from Boyd and his team at Sapphire. I was anxious to get our EIS Advance Approval as soon as possible so I wanted to make sure the documentation was perfect. Boyd supplied me with all the templates I needed, including a cash-flow forecast template, which was extremely helpful and he was very responsive to all my questions. I felt in very safe hands and this was confirmed when the HMRC approval came through within four weeks of my application.
We had been looking into applying for EIS advance assurance and the whole process seemed very daunting. Johnathan from Sapphire Capital explained the whole process to us and took us through it step by step in a very efficient manner. It was extremely seamless and we were delighted to have found them to help.
Harty Nutrition Limited
Bondford was time-pressured to secure SEIS/EIS advanced assurance for its prospective investors. Boyd and Johnathan managed to secure that assurance within just 2-weeks and at a cost that was 50% less than our auditors. I would recommend their services.
The team at Sapphire really knows their stuff. They helped us through the entire process and the HMRC EIS application was approved with ease. I couldn’t hope for a more competent advisor in terms of SEIS and EIS applications.
Johnathan of Sapphire was excellent in guiding us through the entire process. Although our holding company is based in the Republic of Ireland (in Cork), Johnathan made what is a complex process of applying for EIS advance assurance for a non-UK based company straightforward. I genuinely, could not recommend him enough.
Crossflow Payment Solutions Trading Limited (Elite programme member of London Stock Exchange Group)