Enterprise Investment Scheme (EIS)

In April 2017, HMRC released their bi-annual update on EIS statistics. The report itself shows the basic changes and trends evidenced by the EIS data collected for primarily the 2015/16 tax year. During this period, the amount of companies that were raising funds was 3285 (about 45 companies down from the previous year), the funds they raised amounted to about £1,657 million (about £233.8 million down from previous year), and the number of Advanced Assurance Request(AAR) applications was about 3570 (about 400 applications up from the previous year). These changes are largely attributable to the November 2015 policy amendments that… continue reading