The MoneyLab Blog

Johnathan Graham

Recent Posts

SEIS / EIS UK permanent establishment condition

Posted by Johnathan Graham on 11-Nov-2019 10:18:21

Seed Enterprise Investment Schemes (“SEIS”) and Enterprise Investment Schemes (“EIS”) allow qualifying companies to raise much-needed capital by offering investors tax reliefs. The tax reliefs are available to UK taxpayers only; however, companies incorporated outside of the UK can raise money through the schemes.

Read More

Topics: EIS, SEIS

Five things you need to know about setting up UK branches

Posted by Johnathan Graham on 07-Oct-2019 14:43:28


When applying for SEIS and/or EIS advance assurance, a company is required to have a Customer Reference Number (CRN number) and Unique Tax Reference (UTR number). A UK company will have both numbers issued automatically upon incorporation. A company incorporated outside of the UK (foreign company or overseas company) must open a UK branch to obtain both numbers. A branch is a permanent establishment in the UK; it is an extension of the parent company and is required when the company has a presence in the UK.

Read More

Topics: EIS, SEIS

Raising money through EIS as a Knowledge Intensive Company

Posted by Johnathan Graham on 01-Aug-2019 13:37:36


Enterprise Investment Schemes (EIS) allow high-risk start-up companies raise much-needed capital to in order to grow. EIS offers tax reliefs to investors which reduces their risk.

The scheme has various conditions a company must meet to qualify. The conditions include time frames from the first commercial sale, max employee numbers, qualifying trades and maximum raise amounts. For more information on EIS and the qualifying conditions, view our eBook.

Read More

Topics: EIS, SEIS

5 requirements companies must meet for SEIS/EIS

Posted by Johnathan Graham on 28-Feb-2019 21:43:19

The Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) are very effective ways for start-up companies to attract private investment through the offering of tax incentives to investors.

There are conditions a company must meet to qualify for the schemes, some of which are well known to both entrepreneurs and investors. For example, the age requirement condition requires a SEIS company to be trading for less than two years; for EIS, the company cannot be trading for longer than seven years.

However, from my experience working with many companies seeking SEIS/EIS, there are some fundamental conditions that are equally important but not as well known.  Here are the ones that I see many entrepreneurs unaware of, which has led to problems with availing of the schemes:

Read More

Topics: EIS, SEIS

Registering a UK branch with the Companies House - 10 key areas

Posted by Johnathan Graham on 08-Oct-2018 13:56:30


For a foreign company to qualify for SEIS and/or EIS they must meet at least one of two additional requirements. They must either: 1) Have a' permanent UK establishment which means an element of work is carried out in a fixed place of business. 2) Have a UK representative that can enter into contracts on behalf of the company (for more information read my prior blog: “Can a foreign (non-UK) company obtain SEIS and EIS monies”).

As stated on the website "you must register (with the Companies House) if you set up a place of business in the UK or if you usually carry out business from somewhere in the UK". 

Read More

Topics: EIS, SEIS, foreign company, OS IN01

Can a foreign (non-UK) company obtain SEIS and EIS monies?

Posted by Johnathan Graham on 07-Jun-2018 16:07:53


If you are a foreign company looking to expand into the UK, the good news is that you can avail of the SEIS and EIS schemes, thereby benefiting not only from increasing market reach, but also by being able to tap into UK private investment (via the SEIS and EIS schemes). All monies raised are received directly into the foreign company's bank account, allowing the foreign company to directly use the capital.

The SEIS and EIS incentives allow qualifying companies to raise capital, which is critical to expanding into new territories. The SEIS/EIS schemes enable investors to claim back income tax reliefs (50% for SEIS and 30% for EIS), avail of Capital Gains Tax reliefs and/or deferrals and apply for loss relief if it all goes wrong.

Read More

SEIS/EIS Loss relief: Do I lose all my investment if the company fails?

Posted by Johnathan Graham on 24-May-2018 10:36:10


Everyone works hard for their money, and as a result investing is a daunting experience due to the risk of loss.  Fortunately, an investment in Enterprise Investment Scheme “EIS” and Seed Enterprise Investment Scheme “SEIS” companies offer loss relief.  This incentive enables an investor to offset losses obtained against either their Income Tax or Capital Gains Tax “CGT” amount.

SEIS/EIS  were set up by the government to enable small startup companies to attract their first round (and riskiest) of capital.  With EIS, a company can raise up to £12 million and with SEIS the company can raise £150,000.

Read More

Five points every startup should be aware of to be GDPR compliant

Posted by Johnathan Graham on 18-May-2018 12:37:05


The dark cloud of the General Data Protection Regulation, better known as GDPR is about to descend upon us. Have you got your umbrella of security and raincoat of compliance at the ready? Are you prepared for the hailstones of data protection? Hiding away by taking shelter unfortunately is not an option; but never fear, Johnathan is here with a summary checklist of what needs to be done by the 25th of May.

GDPR is coming into effect, replacing the Data Protection Act 1998.

Read More