What are the advantages of the Seed Enterprise Investment Scheme?

SEIS can offer excellent tax benefits to investors (e.g. 50% Income Tax relief and no Capital Gains Tax) in return for investment in start-up and small businesses. SEIS was designed to boost economic growth in the UK by promoting new enterprise and entrepreneurship.

Seed Enterprise Investment Scheme (SEIS) benefits
Investors who qualify for SEIS may benefit from:
  • 50% Income Tax relief on amount subscribed (up to a maximum annual investment of £100,000 for the 2019/2020 tax year. Option to carry back to previous tax year providing the £100,000 limit for that year has not been exceeded, the investment must be held for a minimum of three years to retain this relief);

  • 100% Inheritance Tax relief after two years (provided the investment is held at the time of death);

  • 50% Capital Gains Tax exemption for chargeable gains reinvested (up to the maximum subscribed);

  • 100% Capital Gains Tax relief (provided income tax relief has been given and not withdrawn and disposal takes place after the end of the SEIS three year qualifying period);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).

Find Out More About SEIS

Thinking about SEIS? We're here to help you.

SEIS

We obtain your SEIS Advance Assurance.

SEIS

We help you write the investor documents.

SEIS

We can help you issue the shares and complete the SEIS 1 Forms - so your investors can avail of the SEIS tax benefits.

See Example SEIS Clients

Sapphire will help you obtain your SEIS Advance Assurance.

Obtaining HMRC Advance Assurance can be time-consuming and may require specialist knowledge. 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 achieve this for an investor to invest in your 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.

SEIS Advance Assurance
Our services include the following:
  • We check your trade qualifies for SEIS.

  • Review your business plan and financial projections.

  • We prepare the HMRC documents.

  • We make the HMRC application.

  • We answer all the HMRC questions.

  • We work with HMRC to get issues resolved.

  • We obtain your SEIS Advance Assurance.

  • Multiple aftercare services.

See Example SEIS Clients

Sapphire can help you write your investor documentation.

We have assisted numerous clients with their investor documents, write business plans and assist with the drafting of an information memorandum. 

SEIS investor documentation
Our services include the following:
  • We help you write the business plan.

  • We can draft your investor documents.

  • We can help you with your branding.

  • We can assist with the FCA disclosures.

  • We help you write the information memorandum.

See Example SEIS Clients

Our SEIS Services Prices

Everything you need to obtain SEIS Advance Assurance, issue shares and complete the HMRC compliance forms.

All returning customers will benefit from a 15% reduction in price for subsequent purchases.

Amounts below do not include VAT.

Our Plans

Free

Standard

Plus

Free

Standard

Plus

Our Plans

£0

£950

£1,500

For those of you who just need a little help getting started with the SEIS Advance Assurance application.

Our most popular package for UK companies seeking SEIS Advance Assurance.

Our Plus package for UK companies includes SEIS Advance Assurance as well as help issuing the shares and completion of the HMRC SEIS 1 forms.

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A free eBook on SEIS and a detailed checklist of what is required by HMRC.


See below

We assist you in obtaining the SEIS Advance Assurance.


See below

We go further - SEIS Advance Assurance plus help with HMRC SEIS 1 forms and compliance.


See below
Free guidance eBook on SEIS.
Summary checklist of SEIS requirements by HMRC.
One-to-one guidance on SEIS Advance Assurance requirements.  
Dedicated Sapphire expert support.  
HMRC excluded trades reviewed and explained.  
Your business plan reviewed for potential HMRC issues.  
HMRC draft financial projections template provided.  
Draft directors resolutions prepared.  
HMRC covering letter prepared.  
HMRC application prepared and submitted by a Sapphire expert.  
Ongoing liason with HMRC and any HMRC follow-up questions answered promtly.  
AFTER CARE SUPPORT:
Assistance with share structure & issue.
   
AFTER CARE SUPPORT:
Companies House submission guidance & support.
   
AFTER CARE SUPPORT:
SEIS Form 1 completion, submission & HMRC follow up if required.
   
AFTER CARE SUPPORT:
Ongoing SEIS compliance guidance.
   
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Help

 

CUSTOMER SUPPORT

We are more than just a SEIS consultancy service.

You don't have to go it alone. The team at Sapphire are here to answer your questions, help you get to grips with what is required for a successful SEIS Advance Assurance application and answer any follow-up questions HMRC might have. All that - plus our dedicated help, blog resources and templates - means you will never feel you do not have enough support.

Still have questions about how we can help your business?

We are here to help you get started. We are friendly and approachable. Don't hesitate to contact us.

Contact Us

Frequently Asked Questions

What are your payment terms?

We ask for 50% upfront and 50% on receipt of the Advance Assurance from HMRC. This way, we only really make money when you are successful. We like to think our interests are therefore aligned.

Do your prices include VAT?

The prices above do not include Value Added Tax ("VAT"). VAT is typically charged at 20% on the prices shown above.

How long does it typically take to get SEIS Advance Assurance from HRMC?

Very hard question as it depends on the complexity of your business and your application. However, if we had to say, it would typically be six weeks. We have had many Advance Assurance applications come back within days - but on the other hand, some applications can take longer than six weeks.

Do only UK based companies qualify for SEIS or EIS advance assurance?

No - overseas-based companies can also qualify to raise money via SEIS and/or EIS if they have a permanent establishment in the UK. We have helped many overseas companies achieve this and it would be a pleasure to help you - just email Bronagh for more details at bronagh@sapphirecapitalpartners.co.uk 

 

Download our free eBook guide to SEIS.

Our FREE eBook guide will help you understand the SEIS process.

  • Which companies qualify as a Seed EIS.
  • Explanation of the tax benefits.
  • How to get HMRC advance assurance.

Our eBook will save you valuable time and expense in your quest to get your start up company approved by HMRC and more importantly, get ready for receiving finance.

Fill in the form to request the eBook.

The Sapphire Guide to Seed Enterprise Investment Schemes eBook cover
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100+ client testimonials.

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.

Sara Madderson

Madderson London

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.

Ross McDowell

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.

Henry Vaughan

Bondford Group

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.

Kiattipong Arttachariya

Paragon Partner

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.

Tony Duggan

Crossflow Payment Solutions Trading Limited (Elite programme member of London Stock Exchange Group)

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Get in touch, we are friendly and approachable.

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