SEIS compliance: how to make sure your investors get their tax relief
Raised with SEIS? Here’s how to complete the SEIS compliance statement and send investors the certificates they need to...
SEIS/EIS Advance Assurance isn’t legally required, it’s optional, but most angel investors will look for a company to have SEIS/EIS Advance Assurance in place before they’ll commit to investing. It generally takes HMRC 2-3 weeks (sometimes as long as 6-8 weeks) to process Advance Assurance applications, so it’s best to get started on this well ahead of starting to talk to potential investors. Sign up to apply for SEIS/EIS Advance Assurance on SeedLegals to speed up the process. We can manage the application for you with HMRC from start to finish. We’ll guide you through the process and take a lot of the admin off your hands.
When applying for Advance Assurance, HMRC will require your business plan and 3-year financial forecast, proof that you meet the risk to capital condition, a copy of your latest accounts (if available) and your company’s unique tax number. If you have not previously received investment from any Venture Capital Schemes, you’ll also need the details of at lest one potential investor.
For a detailed break down of how to apply, read our step-by-step guide on how to apply for SEIS/EIS Advanced Assurance.
Want to know more? Hit the chat button or book some time with a member of the team here.