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ARTICLE · 09 FEBRUARY 2012

EIS And VCT Scheme Updates

Arthur Cox
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The "Enterprise Investment Scheme" ("EIS") is designed to help smaller, higher-risk trading companies to raise finance by offering a range of tax reliefs to investors who purchase new shares in such companies.

IrelandCorporate/Commercial Law
Alan Taylor
Alan Taylor
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The Enterprise Investment Scheme ("EIS") is designed to help smaller, higher-risk trading companies to raise finance by offering a range of tax reliefs to investors who purchase new shares in such companies. The Venture Capital Trust ("VCT") regime is designed to encourage individuals to invest indirectly in a range of small higher-risk trading companies whose shares and securities are not listed on a recognised stock exchange.

With a view to further encouraging investment on higher risk activities and helping small, higher-risk UK companies, the Government, in its draft Finance Bill 2012, sets out plans to:

  • increase the relief available under the EIS and VCT regime; and
  • relax a number of investee company qualifying conditions. Most of the changes should take effect from April for the tax year 2012/2013 and thereafter.

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