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EIS, SEIS, VCTs and SIR.
The Enterprise Investment Scheme (EIS) provides tax relief for individuals prepared to invest in new and growing companies. Investors can obtain generous income tax and capital gains tax (CGT) breaks for their investment and companies can use the relief to attract additional investment to develop their business. Individuals are entitled to relief on investments in certain unquoted trading companies through EIS. A junior version of EIS the SEIS is also available.
Maximum investment per annum: £1,000,000 Additional investment limit where investing in knowledge-intensive companies: £2,000,000 Income tax relief: 30% CGT treatment on disposal if held for 3 years: Exempt
Maximum investment per annum: £1,000,000
Additional investment limit where investing in knowledge-intensive companies: £2,000,000
Income tax relief: 30%
CGT treatment on disposal if held for 3 years: Exempt
Capital gains from the disposal of other assets may be deferred by making an EIS investment.
The Seed Enterprise Investment Scheme (SEIS) provides tax relief for individuals prepared to invest in new and growing companies. Investors can obtain generous income tax and capital gains tax (CGT) breaks for their investment and companies can use the relief to attract additional investment to develop their business. SEIS is a junior version of EIS.
Maximum investment per annum: £200,000 1 Income tax relief: 50% CGT treatment on disposal if held for 3 years: Exempt
Maximum investment per annum: £200,000 1
Income tax relief: 50%
An individual who makes a capital gain on another asset and uses the amount of the gain to make a SEIS investment will not pay tax on 50% of the gain (subject to certain conditions).
Capital gains from the disposal of other assets may be exempt up to £100,000* per annum by making an SEIS investment.
1 Limits subject to Parliamentary approval.
Social Investment Relief (SIR) was designed to encourage private individuals to invest in social enterprises including charities.
SIR closed to any new investments from 6 April 2023.
Venture Capital Trusts (VCTs) are designed to encourage private individuals to invest in smaller high-risk unquoted trading companies. VCTs operate by indirect investment through a mediated fund. In effect they are very like the investment trusts that are obtainable on the stock exchange, albeit in a high-risk environment. Individuals are entitled to relief on investments in VCTs.
Maximum investment per annum: £200,000 Income tax relief: 30% Dividend income: Exempt Capital gains treatment on disposal: Exempt
Maximum investment per annum: £200,000
Dividend income: Exempt
Capital gains treatment on disposal: Exempt
(All reliefs are subject to detailed conditions being met.)
Plant and machinery allowances and the allowances available for other assets.
Standard and higher rates of capital gains tax (CGT) together with the annual exemption. The special rate of CGT and the limit applying for entrepreneurs’ relief purposes.
Weekly amounts of child / working tax credits and child benefit.
Companies pay corporation tax on their income and gains. View the current rates and estimate the tax due.
Estimate your personal income tax liability using the current rates. View the current rates here.
The annual ISA investment limits.
Inheritance tax rates and allowances.
Statutory minimum wage levels.
Earnings thresholds and contribution percentages for Class 1 (employed), Class 2 and 4 (self-employed) and Class 3 (voluntary) national insurance contributions.
Details of the amounts of tax relievable pension contributions for individuals and employers.
The current percentages of stamp duty and the various UK property/land transaction taxes.
Current weekly amounts.
The current VAT percentages and the annual registration and deregistration thresholds.
Calculate the taxable benefit using the relevant tables for employer provided cars, vans and related fuel.
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