Published: 29th November 2022
The new service is for companies and their authorised agents to complete and submit applications and all supporting documents online, directly to HMRC’s Venture Capital Reliefs team. This includes applications regarding the enterprise investment scheme (EIS) and the seed EIS. The online service is compulsory for advance assurance applications on venture capital trust investments. In its latest agent update, HMRC pointed out the following features:
If your accountant or tax advisor is completing the application for you, a copy of the authorisation to act signed and dated within the previous three months will need to be sent. Using the new service should speed up applications, particularly with the ongoing postal strikes in mind.