Policy paper

Changes to the Seed Enterprise Investment Scheme, Enterprise Investment Scheme and Venture Capital Trusts

This tax information and impact note is about changes to the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) scheme.

• From: HM Revenue & Customs
• Published: 28 October 2026

Documents

Changes to venture capital schemes

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Details

This measure makes changes to the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) scheme rules.

The changes will:

• allow EIS tax relief to remain available on the part of an investment that is within the scheme limits when an investment exceeds those limits
• allow SEIS and EIS or VCT investments to be made on the same day
• prevent a late payment by one or more investors from affecting the tax relief available to other investors
• align the SEIS rules for interest charged when tax relief is withdrawn or reduced with the equivalent EIS rules
• amend the VCT rules so that any withdrawal of Income Tax relief is calculated using the rate that applied when the shares were issued