Budget 2014 — SEIS, EIS and VCT changes

By Nick Burt

In his Budget, the chancellor of the exchequer has announced a number of changes that will affect the Seed Enterprise Investment Scheme (SEIS), the Enterprise Investment Scheme (EIS) and venture capital trust (VCT) schemes.

The headline points are that: the SEIS is going to be made permanent; EIS and VCT scheme rules are going to be changed; and further consultations are expected on EIS and VCTs.

When the SEIS was first introduced, the scheme was only intended to be temporary and was going to stop applying to shares issued after 6 April 2017. However, the chancellor has now announced that legislation will be introduced in the Finance Bill 2014 to make the SEIS permanent. The current capital gains tax 50 per cent relief for re-investing gains in SEIS shares will also be made permanent…

Click on the link below to read the rest of the Nabarro briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Analysis from The Lawyer

View more analysis from The Lawyer


Lacon House
84 Theobald's Road

Turnover (£m): 116.70
No. of lawyers: 405