KEY POINTS
- EIS and EMI: a brief overview of their purpose.
- EIS rules of ITA 2007 Part 5 and EMI regulations in ITEPA 2003 Part 7 Ch 9 and Sch 5.
- Where the schemes would not work and where relief could be withdrawn.
- Which companies are eligible for the reliefs?
- Connection tests under ITA 2007 s 163 and s 170.
- The interaction with entrepreneurs’ relief.
- Don’t be caught out by disqualifying events.
Obtaining finance and attracting the best employees is challenging for any new business. A company can get the best of both worlds in the form of the enterprise investment scheme (EIS) and enterprise management incentives (EMI) where tax incentives can make all the difference...