Chancellor urged to consider expanding EIS and SEIS

The Treasury is facing renewed calls to raise the ceiling of the tax reliefs available through the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).

Investors believe that decisive action by the Chancellor, Philip Hammond, could provide a significant boost to early-stage companies and entrepreneurs.

Recent figures have shown that the amount of people making use of these schemes is on the increase nationwide, but there are arguments that the Chancellor should increase tax breaks still further in his Autumn Statement.

Among the options being floated include extending the SEIS ceiling to £300,000, to further benefit smaller companies, and increasing the amount that an investor can put through EIS and receive tax breaks to £1.25million.

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Lee Davy-Martin

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