I couldn’t agree more with the points raised – especially the latter point around instilling better regulation and service standards to R&D tax boutiques and consultancies. in terms of categories of qualifying costs) and an overall clean-up of the R&D tax credit advisory industry at large. In a nutshell, the Coadec report calls for better policy alignment of this tax relief with the realities of digital & tech development today (e.g. Unfortunately, the rules around SEIS/EIS can be complex so please reach out for help.Ĭredit where credit is due, to be fair this is a good report issued by Coadec (the Coalition for a Digital Economy representing UK tech startups and scale-ups) about the state of the UK R&D tax credit incentive. These are attractive tax incentives that benefit the investors directly (in income tax and capital gains tax reliefs) and you as the founder indirectly (as the investors should be more willing to invest in your company). Using SEIS / EIS to boost fundingįor most UK startup founders, they shouldn’t lose sight of the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) to help attract and boost funding. Seriously!?! A truly phenomenal result for the team there and, to be fair, it’s a great product (as I’ve already got a card myself and love it!).Īnyhow, most startups are not going to see these sorts of results and we shouldn’t lose sight of how far along these guys were already in their growth plans. Amazing result from the guys at Curve in raising their target £1m fund-raise in FOUR MINUTES (!) and hitting £6m within five hours…
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