Subscriptions for shares under EIS/Seed EIS

This screen is accessed via the data input tab within the tax return and allows input of subscriptions for shares under the Enterprise Investment Scheme and Seed Enterprise Investment Scheme.

Subscriptions for shares under the Enterprise Investment Scheme

If an investment has been made in shares that were issued during the current tax year (or the following tax year if relief is being carried back) EIS relief may be available. For further details see HMRC Helpsheet 341 Enterprise Investment Scheme – Income Tax relief.

To qualify for relief, form EIS3 or EIS5 must have been received.

Taxfiler’s computation will allow relief of 30% of the smaller of:

  • The amount subscribed
  • £1,000,000
  • The amount that reduces the tax bill to zero for the year.
  • Name of company‘ Enter the name of the company invested in.
  • Date issued’ Enter the date of issue of the shares.
  • HMRC office which issued EIS3/EIS5‘ Enter then name of the HMRC office which authorised the issue of the EIS3 or EIS5 certificate.
  • HMRC Reference’ Enter the reference given by HMRC to the certificate issued.
  • ‘Amount on which relief claimed’ The total amount of the subscription on which you are claiming relief.

If you enter an amount subscribed of more than £1,000,000, Taxfiler will limit the amount included on the tax return to £1,000,000 as required by the tax return notes.

Taxfiler will ensure that the necessary information is included in the additional information white space as required by the tax return notes.

Subscriptions for shares under the Seed Enterprise Investment Scheme

If an investment has been made in shares that were issued during the tax year then Seed Enterprise Investment Scheme relief may be available. For more information, read HMRC Helpsheet 393 Seed Enterprise Investment Scheme – Income Tax and Capital Gains Tax reliefs.

To qualify for relief, form SEIS3 must have been received.

Taxfiler’s computation will allow relief of 50% of the smaller of:

  • The amount subscribed
  • £100,000
  • The amount that reduces the tax bill to zero for the year.
  • Name of company’ Enter the name of the company invested in.
  • Date issued‘ Enter the date of issue of the shares.
  • HMRC office which issued SEIS3′ Enter then name of the HMRC office which authorised the issue of the SEIS3 certificate.
  • HMRC Reference‘ Enter the reference given by HMRC to the certificate issued.
  • ‘Amount on which relief claimed’ The total amount of the subscription on which you are claiming relief.

If you enter an amount subscribed of more than £100,000, Taxfiler will limit the amount included on the tax return to £100,000 as required by the tax return notes.

Taxfiler will ensure that the necessary information is included in the additional information white space as required by the tax return notes.

To delete a line from a grid, click the ‘trash can’  button at the end of the line.

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