Changes were announced in Budget 2011, which will make raising finance using the Enterprise Investment Scheme (EIS) possible for more companies.
The European Commission has given its approval, for State Aid purposes, the increase in the Enterprise Investment Scheme (EIS) income tax relief rate to 30% for investments made in EIS qualifying companies on or after 6 April 2011. It has also approved the increase in the individual investment limit from £500,000 to £1 million in respect of investments made on or after 6 April 2012. Both changes were announced in Budget 2011 and the rate increase was included in Finance Act 2011. The intention is to include the increase in the individual investment limit in Finance Bill 2012.
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