The government has released more information on the new Seed Enterprise Investment Scheme (SEIS) aimed at smaller companies.

The proposals include the following:

• The relief will initially run from 6 April 2012 until 5 April 2017 but may continue after that date.
• Income tax relief on a qualifying investment will be 50%.The relief is available to be set against any income tax liability that is due, whether at basic, higher or additional rate.

Read more about the proposals courtesy of our strategic partner Knights Lowe.

http://www.knightslowe.co.uk/ard/eNEWS_Article.asp?AID=1201&ID=2791