Erika Jupe considers the practical issues involved in a company raising finance under the EIS and VCT schemes
Given the historically high income tax rates applying in the UK investors are increasingly looking for ways to make tax efficient investments. Although the EIS and VCT schemes have been in place for many years relaxations to the qualifying conditions announced in Budget 2011 and enhanced tax relief rates for EIS mean that investments by VCT or EIS investors are likely to become an increasingly flexible source of finance for small and medium-sized companies (SMEs) which are looking to bridge the funding gap.
This article considers some practical and technical points which companies and their advisers should consider when looking to raise...
