I have invested in an EIS, or SEIS business, when and how do I get my tax relief?

After making the investment you should ensure that you receive your share certificate like any other equity investment.

The company will however need to give you a document known as the S-EIS3 certificate that they receive from HMRC. You will need this document before you can claim your tax relief.

It is important to note that the company will not be able to provide your S-EIS3 certificate until they have their minimum trading requirements and submitted their Compliance Statement to HMRC.

Their minimum trading requirement before they can issue your S-EIS3 certificate for SEIS is the earlier of 4 months trading or spending 70% of the capital raised, and for EIS it is 4 months of trading.

If this is not received by 31 January following the tax year you made the investment you will need to file your return without claiming the relief. Once the S-EIS3 certificate is received, you can then claim the relief via an amended return.

For help getting your Advanced Assurance, please register here: https://www.spondoo.co.uk/seis-eis-advanced-assurance-application/ or reach out to us on WhatsApp for personalised guidance on our SEIS and EIS services at +(44) 7395 534661.

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Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.

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