UHY Ross Brooke Chartered Accountants
SEIS and EIS are very similar schemes intended to encourage investment in high-risk, small, unquoted companies which have objectives to grow and develop their trade. There are no particular tax reliefs for companies but the schemes provide good tax incentives for investors. There are certain conditions that companies must meet
Who is SafeToNet? SafeToNet is a software development company, dedicated to keeping children safe online, and thereby offering reassurance to parents. It employs around 250 staff in the UK and internationally. As a SaaS company, it sells its software protection products to businesses including large telcos for their end customers,
HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured correctly, and if the company qualifies under the Enterprise Investment Scheme (EIS) or the Seed EIS rules, the investors can potentially take advantage of a number of generous tax breaks.