Enterprise Investment Scheme

Philip Hammond’s 2018 Budget on 29 October did not prompt a fright for the tax-efficient industry. No news is good news as far as the industry is concerned, as there had been wholesale changes to EIS and VCTs in the chancellor’s last Autumn Budget. In the lead up to the Budget, there were murmurings of changes to the annual tax free pensions allowance — which could have increased subscriptions to EIS and VCTs, with wealthier investors having little place to go in terms of tax-efficient investing. Some pundits had also predicted changes to SEIS, via lowering its income tax mitigation… continue reading