Guidance

Enterprise Investment Scheme and Venture Capital Trusts: new procedures

HM Revenue and Customs (HMRC) is introducing new processes to help manage applications for advance assurance and Enterprise Investment Schemes (EIS) compliance statements.

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Details

The attached guidance explains the changes HMRC is making, with immediate effect, to the processing of advance assurance requests and forms EIS1 compliance statements in respect of investments made on or after 6 April 2015 in companies that exceed certain age and investment limits.

The guidance sets out the circumstances in which advance assurances may no longer be given and the new information that will now be requested to support forms EIS1 along with the reasons why these changes have been made. It also explains how the qualifying status of investments made by Venture Capital Trusts (VCT) on or after 6 April 2015 may also be affected.

Published 15 April 2015