A guide to venture capital scheme changes
Changes to tax breaks designed to promote investment in small and growing firms will deter investors from taking advantage, according to the Chartered Institute of Taxation (CIOT).
The professional body warned that new legislation creates greater complexity and denies relief to existing financiers that want to increase their investments.
G Finn & others (TC4347)
HMRC have published guidance to explain the changes to enterprise investment scheme (EIS) procedures announced in the Budget.
The new measures affect the processing of advance assurance requests and forms EIS1 compliance statements in respect of investments made on or after 6 April 2015. The Revenue will no longer process such requests in respect of companies that:
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A Finn, G Finn, R Morris and A Cornish (TC3555)
CRC v Stolkin, Upper Tribunal (Tax and Chancery Chamber)