DISCUSS OUR SOFTWARE PORTFOLIO - Make a booking to discuss National Tools UK, My QuoPro or In2Tools - Book Now

SEIS Advance Assurance

NTUK Technology are pleased to announce that HMRC has granted SEIS Advance Assurance to the organisation which provides a total capacity of £150,000 in SEIS funds. The Group can now complete their final transaction from the Pre-Seed Funding round close earlier in the year by taking onboard the final £30,000 committed funds, It is only these funds that have made use of the SEIS scheme which leaves a following £120,000 of available SEIS funds for the Seed Funding round which is expected to follow in the final quarter of the year.

NTUK Technology would like to use this opportunity to thank their advisory partners SeedLegals for their hard work and efforts in a collaborative application submission to ensure SEIS Advance Assurance status was granted and NTUK Technology now looks forward to progressing an EIS Advance Assurance application later in the year prior to the opening of the Seed Funding round previously mentioned.

EIS Advance Assurance would grant NTUK the opportunity to raise £12,000,000 in EIS funds, which can be raised at a maximum of £5,000,000 per year.

What are SEIS & EIS Funds?

Seed Enterprise Investment Scheme (SEIS) funds are investments made where the business and investor qualify for SEIS Tax Relief, investors can receive 50% tax relief on SEIS investments made, up to £100,000 per year and Capital Gains Tax exemption for any gains on SEIS shares.

Enterprise Investment Scheme (EIS) funds are investments made where the business and investor qualify for EIS Tax Relief. Investors can receive 30% tax relief on EIS investments up to £1,000,000 per year.

Share this Post

Comments

Leave a comment