![]() If your company is hoping to raise investment and is in the process of preparing a business plan / pitch deck type document, we recommend reading our blog post on what this document should and should not include (in the context of SEIS/EIS advance assurance). We always advise our clients to keep business plans as simple as possible for the purposes of an SEIS/EIS advance assurance application – in the past, a high-level executive summary of up to three pages in length has been sufficient from HMRC’s perspective, so long as it enables HMRC to understand the company’s business and outlines clearly how the investment monies will be spent. We have in the past been presented with pitch decks that are over forty pages in length and it is also common to see documents that contain detailed and complex financials relating to the company’s business. Overly complex and long business plans / pitch decks In this blog post we outline the most common SEIS/EIS mistakes that we see in practice. It is therefore essential that you consult a professional firm to advise on your application so as to avoid your SEIS/EIS advance assurance application being rejected or your investors having their tax reliefs inadvertently withdrawn. #EIS COMPANY MANUALS#HMRC also have a tendency to update the guidance manuals with little warning and move certain aspects between different sub-manuals, so the rules (as well as the way HMRC enforces the rules) is constantly changing. The SEIS/EIS qualifying criteria and rules are centralised within the Venture Capital Schemes Manual, with the rules being dispersed among numerous different sub-manuals. The rules surrounding SEIS/EIS are complex and we advise that before making an advance assurance application you seek professional advice. Last updated on October 8th, 2021 at 04:13 pm Common SEIS & EIS Mistakes ![]()
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