TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Seed Enterprise Investment Scheme (SEIS)

New form SEIS1 has now been published to complete for company approval following an issue of shares.

Relief under the SEIS is available at 50% of the cost of the shares, on a maximum annual investment of £100,000. The relief is given by way of a reduction of tax liability, providing there is sufficient tax liability against which to set it.

Guidance on the SEIS is available at http://www.hmrc.gov.uk/seedeis/background.htm. The updated company approval form is available at http://www.hmrc.gov.uk/forms/seis1.pdf. A detailed feature on the SEIS is also available in this issue of tax.point on here.