EISA disappointed by lack of upfront tax incentives for EIS

The Enterprise Investment Scheme Association (EISA) is disappointed this year's Budget does not incl...

The Enterprise Investment Scheme Association (EISA) is disappointed this year's Budget does not include an increase in upfront tax incentives for the vehicles. The Budget has introduced a number of minor improvements to EIS and one amendment to venture capitalist trusts (VCTs) however the EISA says it did not go far enough. The changes to EIS include a relaxation of the time limits on the employment of monies raised through the scheme and an extension of the period of carry-back on income tax relief. According to the new legislation, all money raised for EIS will now need to be emp...