The Enterprise Investment Scheme: What tax reliefs are available?
In his latest article, experienced Corporate & Commercial Solicitor Paul Longland answers your questions on EIS tax relief.
News & events
The Chancellor, Rishi Sunak, has just announced the furlough scheme is being extended until the end of April 2021, so an extra month on the previous announcement of the end of March 2021.
He has also confirmed the government's 80% contribution will remain the same to the end and not be reduced, as previously indicated, in January.
It was claimed that the move would provide "certainty for millions of jobs and businesses."
Speaking in parliament, having announced that the next budget announcement will be held on March 3rd, the Chancellor said:
"Our package of support for businesses and workers continues to be one of the most generous and effective in the world - helping our economy to recover and protecting livelihoods across the country. We know the premium businesses place on certainty, so it is right that we enable them to plan ahead regardless of the path the virus takes, which is why we're providing certainty and clarity by extending this support."
“The Chancellor’s announcement is not a big surprise given the continued status of the pandemic and the fact the vaccines will not really have a big effect until the spring. The rules of the scheme remain the same, but if you have any questions please do contact us for advice.”
We will post any announcements, along with advice for employers and HR professionals as soon as we are able. These will be shared on our website and on social media.
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