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An at-a-glance comparison of tax efficient schemes.
At Simpson Wreford LLP we can advise individuals in the Royal Arsenal area on a range of tax-saving opportunities. The following article compares Venture Capital Trusts, the Enterprise Investment Scheme and Seed Enterprise Investment Scheme.
The reliefs for Venture Capital Trusts (VCT), the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are similar in many respects, but there are some significant differences. The table below highlights the main reliefs. For further details see the facts sheets for each type of investment.
* This is increased to £2 million provided that anything above £1 million is invested in knowledge-intensive companies. There is no limit on CGT deferral.
For more information on Venture Capital Trusts, the Enterprise Investment Scheme and Seed Enterprise Investment Scheme, individuals in the Royal Arsenal area should contact Simpson Wreford LLP.
17 Sep 2021
Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS).
16 Sep 2021
A survey carried out by the Federation of Small Businesses (FSB) has suggested that the UK unemployment rate could rise by 50,000 as a result of the increase in national insurance contributions (NICs) for employers, sole traders and employees.
15 Sep 2021
Inflation rose to 3.2% last month from 2% in July ? its largest ever recorded increase, according to the Office for National Statistics (ONS).
14 Sep 2021
The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said.
13 Sep 2021
HMRC is urging young people to check if they have a Child Trust Fund (CTF) account.
10 Sep 2021
At the end of July, 1.6 million people were still on furlough, the lowest level since the start of the pandemic and 340,000 fewer than a month earlier.
09 Sep 2021
HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.
08 Sep 2021
Business groups have warned that the government's plan to raise national insurance contributions (NICs) and add a surcharge to dividend income will hamper the economic recovery.
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