EIS is designed to help these small companies raise finance by offering a range of tax reliefs to investors who purchase new shares in those companies while the VCT scheme spreads the investment risk over a number of companies since individuals invest indirectly in a range of small companies. Investors subscribe for shares in VCTs, which are companies listed on the London Stock Exchange and are similar to investment trusts. VCTs are run by fund managers who are usually members of larger investment groups. From time to time, VCTs realise investments and make new ones. Individuals may now subscribe for shares in a VCT via a nominee.
Charter & May can provide you with excellent, client centric advice regarding the effective use of these government schemes. Below is an overview of the EIS which C&M have dedicated professionals to guide you through five current tax reliefs available in companies qualifying under the EIS.