SEIS compliance: how to make sure your investors get their tax relief
- On January 12, 2023
- By GrowthInvest Marketing
Raised with SEIS? Congratulations! The slog of raising the money is over but there’s still some more work to do for your investment: SEIS compliance.
It’s unlikely you’ll forget this important step in your SEIS fundraising – your new investors will remind you because they need documents from your company to prove their investment was eligible for SEIS tax relief.
But don’t wait for investors to nudge you – stay ahead of the game by submitting your SEIS compliance promptly. In this post, we explain SEIS compliance: how to complete the SEIS compliance statement and send investors the certificates they need to claim tax relief.
A quick introduction to SEIS
The Seed Enterprise Investment Scheme (‘SEIS’) is a UK government scheme designed to encourage entrepreneurship and investment in seed-stage businesses.
If an investment in your company is likely to qualify for SEIS – which you can prove with SEIS Advance Assurance – you’re more attractive to investors. This is because in exchange for investing in your company, the government offers them enticing tax breaks.
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