Tax-Efficient Funding for Your Business

Suppose your company has a permanent establishment in the UK and carries out a qualifying trade. In that case, you may be eligible for one of the following tax-efficient equity schemes to raise investment.

Seed Enterprise Investment Scheme (SEIS)

The Seed Enterprise Investment Scheme (SEIS) offers significant tax benefits to investors in the UK's small and early-stage start-up businesses. Designed to boost economic growth by promoting new enterprise and entrepreneurship, SEIS provides investors with relief of 50% of their investment, with a maximum investment limit of £250,000 (per investor £200,000), including any other de minimis state aid received up to the investment date.

How We Can Help:

• HMRC Advance Assurance: We assist in obtaining advance assurance from HMRC.
• Compliance Statement: We complete and submit the necessary compliance statement to ensure your eligibility.

Enterprise Investment Scheme (EIS)

Your company (or group of companies if you’re a parent company) may qualify for the Enterprise Investment Scheme if, at the time of investment, it meets the following criteria:

• Assets: No more than £15 million in gross assets.
• Employees: Less than 250 employees.
• Age: No more than 7 years (10 years for R&D companies) since the first commercial sale.

How We Can Help:

• HMRC Advance Assurance: We assist in obtaining advance assurance from HMRC.
• New Shares Reporting: We handle the reporting of new share issues to Companies House.
• Compliance Statement: We complete and submit the necessary compliance statement.

Enterprise Management Incentives (EMI)

The Enterprise Management Incentives (EMI) scheme is designed to help smaller companies attract and retain key employees by offering tax-advantaged share options. EMI particularly benefits high-growth companies looking to reward and incentivise their staff.

Eligibility Criteria:

• Gross Assets: Must not exceed £30 million.
• Employees: Fewer than 250 employees.
• Trading Activity: Must carry out a qualifying trade.

How We Can Help:

• Scheme Design and Implementation: We assist in designing and implementing EMI schemes tailored to your business needs.
• Valuation and Reporting: We handle share valuations and reporting requirements.
• HMRC Compliance: Ensure all HMRC compliance and documentation are properly managed.

R&D Tax Credit Claims

Our specialist team, with experience in taxation and technology, ensures you claim every penny possible for your R&D activities. Our team of qualified engineers, IT professionals, and tax experts work together to ensure that your claim is fully compliant, mitigating risks and maximising your relief.

Our Process:

1. Initial Eligibility Test: We conduct a quick initial eligibility test through a short call.
2. Information Gathering: We collect financial and technical information about your project with minimal disruption to your business.
3. Assessment and Analysis: We assess and analyse financial and technical data to maximise your claim.
4. Claim Construction: Our in-house technical team constructs your claim, ensuring full compliance with legislation.
5. Claim Filing: We file your claim with HMRC.
6. Ongoing Support: We provide cradle-to-grave service, ensuring continuous support for your future R&D claims.

R&D Tax Credit Eligibility Criteria:

• Be a UK entity subject to Corporation Tax.
• Be a going concern, not in administration or liquidation.
• Undertake qualifying R&D activities.
• Spend money on R&D activities that are not capital in nature.
• Carry out a trade or future trade related to the R&D activities.
• Not subcontract R&D activities to another SME.
• Have expenditure deductible for corporation tax purposes within the claim period.
• Not have received grants or subsidies for the expenditure.

Additional Information:

• Claim Period: Claims can be made within 2 years of the end of the accounting period.
• Offsetting: HMRC may offset the claim money against other taxes such as PAYE, VAT, or Corporation Tax.

Penalties for Incorrect Claims

HMRC will impose penalties for incorrect claims based on behaviour, which can amount to 100% of the lost revenue plus the return of the claim amount.