HMRC intends to "consider existing tax reliefs aimed at encouraging investment and entrepreneurship to ensure they are effective, well targeted, and provide value for money.

This may suggest revisions to any or all of Entrepreneurs Relief, Enterprise Investment Scheme (EIS), SEIS, Investors Relief and VCTs. We expect any changes only to apply from a future date.

The outcome of the review will be announced in the Autumn Budget 2017. Clearly these schemes are very effective way to mitigate tax. You get relief going in at 30% Income Tax Relief on VCT and EIS and 50% for SEIS and further relief on any losses they make.

In addition National Insurance changes to the taxation of the self-employed and reduction in the dividend allowance with effect from April 2018 will increase their allure further.

IFAs need to research and be able to offer these schemes in order to remain indepdendent.  IFAC offers her members this facility at all times, by delivering research weekly to members.   see more here About us