HMRC are currently looking for volunteers from small and medium sized businesses to help trial a new digital service from July 2016 onwards that will make applying for Tax Advantaged Venture Capital (TAVC) schemes simpler.
The following message has been provided by HMRC:
Are you looking for investment? The Government may be able to help by offering tax relief to individuals who buy shares in your company.
Tax Advantaged Venture Capital (TAVC) schemes are designed to support small and medium-sized businesses by encouraging investment and making it easier to attract funding.
There are 3 schemes:
- Enterprise Investment Scheme (EIS) – aims to attract investment from individuals
- Seed Enterprise Investment Scheme (SEIS) - supports investment in small, early stage companies and complements the EIS
- Social Investment Tax Relief (SITR) – encourages individuals to support social enterprises such as charities and social enterprises
Who can apply?
You may be able to apply if your company is:
- small or medium-sized
- not listed on a stock exchange
Help us launch a new digital service
HM Revenue and Customs (HMRC) is launching a new digital service in October that will make applying for TAVC schemes simpler.
However, we need small and medium-sized businesses to volunteer to trial the service from July 2016 onwards. We will support all volunteers throughout this process, and your feedback will help us improve the site and ensure that companies get their investment more quickly.
If you would like to take part in the trials, please email ashley.newnes [at] digital.hmrc.gov.uk or christopher.meadows [at] hmrc.gsi.gov.uk
Alternatively, contact Ash on: 07891 156522
Or Chris on: 07342 022768