{"id":20005,"date":"2023-05-09T08:57:05","date_gmt":"2023-05-09T08:57:05","guid":{"rendered":"https:\/\/www.moorethompson.co.uk\/blogs\/?p=20005"},"modified":"2023-05-09T08:57:06","modified_gmt":"2023-05-09T08:57:06","slug":"changes-to-the-seed-enterprise-investment-scheme-seis","status":"publish","type":"post","link":"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/","title":{"rendered":"Changes to the Seed Enterprise Investment Scheme (SEIS)"},"content":{"rendered":"\n

The UK has long been a hub for budding entrepreneurs and startups, with innovative ideas and new businesses emerging every day.<\/p>\n\n\n\n\n\n\n\n

The Government recognises the importance of supporting these early-stage businesses to stimulate economic growth and job creation.<\/p>\n\n\n\n

One such initiative designed to support these startups is the Seed Enterprise Investment Scheme (SEIS).<\/p>\n\n\n\n

Introduced in 2012, the SEIS is a tax relief initiative aimed at encouraging individual investors to invest in early-stage, high-risk startup businesses.<\/p>\n\n\n\n

SEIS offers generous tax benefits to investors who are willing to support qualifying businesses in their infancy.<\/p>\n\n\n\n

What is the Seed Enterprise Investment Scheme?<\/strong><\/p>\n\n\n\n

The SEIS is a great option for newly established businesses seeking investment.<\/p>\n\n\n\n

During the initial startup of a business, one of the main obstacles to overcome is securing financing for expansion.<\/p>\n\n\n\n

The SEIS is designed to assist your business in raising funds during its initial two years of operation.<\/p>\n\n\n\n

This is achieved by providing appealing tax incentives to investors who purchase new shares in your business.<\/p>\n\n\n\n

Being approved for SEIS not only enhances a business\u2019s reputation and credibility among investors and the wider business community, but it also helps startups connect with potential investors, visionaries and industry leaders.<\/p>\n\n\n\n

This additional support fosters growth and development, providing a strong foundation for the startup to thrive.<\/p>\n\n\n\n

Before applying for the SEIS, it is crucial to verify if your company is eligible for the funding.<\/p>\n\n\n\n

Your business can use the scheme if it:<\/p>\n\n\n\n

\u00b7 Is established in the UK.<\/p>\n\n\n\n

\u00b7 Carries out a new qualifying trade.<\/p>\n\n\n\n

\u00b7 Is not trading on a recognised stock exchange at the time of the share issue.<\/p>\n\n\n\n

\u00b7 Has no arrangements to become a quoted company or a subsidiary of one during the time of the share issue.<\/p>\n\n\n\n

\u00b7 Does not control another company unless that company is a qualifying subsidiary.<\/p>\n\n\n\n

\u00b7 Has not been controlled by another company since the date your company become incorporated.<\/p>\n\n\n\n

Your company and any of its subsidiaries must:<\/p>\n\n\n\n

\u00b7 Not have gross assets over \u00a3200,000 at the time when the shares are issued.<\/p>\n\n\n\n

\u00b7 Not be a member of a partnership agreement.<\/p>\n\n\n\n

\u00b7 Have less than 25 full-time equivalent employees in total at the time when the shares are issued.<\/p>\n\n\n\n

What are the latest changes to SEIS?<\/strong><\/p>\n\n\n\n

As of 6 April 2023, there are several updates for SEIS:<\/p>\n\n\n\n

\u00b7 Individuals will be able to claim Income Tax and Capital Gains Tax re-investment reliefs on larger investment amounts, as the annual limits have now increased from \u00a3100,000 to \u00a3200,000. Investors can receive tax relief of up to \u00a3100,000 on eligible investments through the scheme.<\/p>\n\n\n\n

\u00b7 The age limit of a qualifying company\u2019s \u201cnew qualifying trade\u201d has increased from two to three years.<\/p>\n\n\n\n

\u00b7 The SEIS now allows qualifying companies that have been in business for a maximum of three years to be eligible, which is an extension from the previous restriction of two years.<\/p>\n\n\n\n

\u00b7 Qualifying companies can now raise up to \u00a3250,000 in SEIS investment. This has increased from \u00a3150,000.<\/p>\n\n\n\n

\u00b7 The limit at the date of share issue on a company\u2019s \u201cgross assets\u201d increased from \u00a3200,000 to \u00a3350,000.<\/p>\n\n\n\n

The SEIS plays an important role for start-ups in the UK, providing essential support to early-stage businesses while offering attractive tax incentives to individual investors.<\/p>\n\n\n\n

If you are an investor seeking exciting new opportunities or a startup in need of financial backing, SEIS could be the perfect solution to help you achieve your goals.<\/p>\n\n\n\n

Are you considering applying for SEIS funding for your startup? Get in touch today for more information.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The UK has long been a hub for budding entrepreneurs and startups, with innovative ideas and new businesses emerging every day.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-20005","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"\nChanges to the Seed Enterprise Investment Scheme (SEIS) - Moore Thompson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changes to the Seed Enterprise Investment Scheme (SEIS)\" \/>\n<meta property=\"og:description\" content=\"The UK has long been a hub for budding entrepreneurs and startups, with innovative ideas and new businesses emerging every day.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/\" \/>\n<meta property=\"og:site_name\" content=\"Moore Thompson\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T08:57:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-09T08:57:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/05\/Mark-East-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Changes to the Seed Enterprise Investment Scheme (SEIS)\" \/>\n<meta name=\"twitter:description\" content=\"The UK has long been a hub for budding entrepreneurs and startups, with innovative ideas and new businesses emerging every day.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/05\/Mark-East-2.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/0d9cc808e7eb5eb75ce773e69c3d97fb\"},\"headline\":\"Changes to the Seed Enterprise Investment Scheme (SEIS)\",\"datePublished\":\"2023-05-09T08:57:05+00:00\",\"dateModified\":\"2023-05-09T08:57:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/\"},\"wordCount\":572,\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/\",\"url\":\"https:\/\/www.moorethompson.co.uk\/blogs\/changes-to-the-seed-enterprise-investment-scheme-seis\/\",\"name\":\"Changes to the Seed Enterprise Investment Scheme (SEIS) - 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