Form SEIS 1: The basics

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Last month HMRC published SEIS 1 - a form which companies must use to apply for formal approval before investors can claim tax relief. 

The Seed Enterprise Investment Scheme (SEIS) is designed to help small, early-stage companies raise equity finance of up to £150,000 by offering tax relief to investors who buy new shares in the companies.  

It was created to complement the existing Enterprise Investment Scheme (EIS), which is seen as the next stepping stone after SEIS. 

SEIS offers a higher rate of tax relief than EIS and is geared towards companies trying to attract investment, from, for example, outside investors. 

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  • Qualifying shares 
  • Qualifying companies 
  • Qualifying investors

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