Bussiness
Budget impact: Unprecedented demand for SEIS & EIS amid tax increases – London Business News | Londonlovesbusiness.com
With the recent budget bringing tax increases across various sectors, SEIS and EIS schemes are standing out as valuable, unaffected options for tax-efficient investment in UK startups.
Ahead of the budget we received a +200% increase in enquiries from investors looking to utilise the tax benefits of SEIS and EIS schemes.
Now that the Budget has been announced and there is confirmation of across the board tax rises, we expect the enquiries to further snowball.
It was pleasing to hear the Chancellor explicitly reference the governments’ commitment to S/EIS & VCT’s in her speech. We await the full details and will digest those as soon as they are published.
This is a win for investors and entrepreneurs against a much more punishing tax backdrop.
As more and more investors recognise the benefits of SEIS and EIS schemes, we are fully anticipating it to be a record year for interest and enquiries at Fuel Ventures.
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