Updated SEIS Guidance

Harris & Co chartered accountants report that HMRC have updated the Seed Enterprise Investment Scheme (SEIS) Guidance to include details of the amendment to the independence condition for companies in respect of any on-the-shelf-period and to include details of the extension to 2013-14 for capital gains tax reinvestment relief at half the rate.

The amendment to the independence condition under the “Requirements to be met continuously from date of incorporation” section of the guidance can be found here.

The update pertaining to the extension of capital gains tax reinvestment relief at half the rate to 2013-14 (originally available only for the tax year 2012-13) can be found here.