Back by popular demand, BDO’s David Brookes – who has spoken at previous SyndicateRoom events and written a number of articles for our Academy – presented at SyndicateRoom Live in December 2017 about EIS investing and the recent updates to the rules.
Speaking shortly after the release of the 2017 Autumn Budget, prior to which some were concerned that HMRC might look to scrap the relief, David gave an overview of the Enterprise Investment Scheme and the recent updates to the rules outlined in the Budget.
Key updates include:
- Knowledge-intensive companies can now raise up to £10m per year, up from £5m
- Individual annual investment limit is increased to £2m if at least £1m is invested in knowledge intensive companies
- A greater focus on true venture capital and away from protected, lower-risk investments
Watch the video below for the full explanation.
Following his presentation, David took questions from the audience around the definition of a knowledge-intensive company, the Seed Enterprise Investment Scheme, the possible effects of Brexit on the scheme and much more. Watch the full Q&A session below.
Find out more about the Enterprise Investment Scheme at our dedicated EIS page.
We need to talk about David
David Brookes is not only Tax Partner at BDO LLP but also ‘the George Clooney of tax relief’ – according to our Co-founder Tom Britton, at least.
David is responsible for the Reading Tax Department, leading the office’s taxation specialism and working as part of its leadership team. The Reading tax team assists clients with VAT, transfer pricing, corporate tax, human capital, international and property tax.
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This recording was made on the 12th December 2017 at SyndicateRoom Live.