The MoneyLab Blog

SEIS/EIS for film - is it still possible?

Posted by Vasiliki Carson, Sapphire Capital on 21-Aug-2018 12:47:15


It is five months since the latest SEIS/EIS rules were enacted (see our prior blog “Autumn Statement 2017 – SEIS and EIS implications”), and we are now starting to understand the effect, particularly within the film and TV sector which appears to be significantly impacted.

 

The complexity related to EIS and film companies results from the new “Risk to Capital” condition enacted on the 15th of March 2018.  This condition, which gives more discretionary powers to HMRC was introduced to ensure the schemes support early-stage companies with the potential to grow in the long term. The change was required as certain companies used the schemes to create tax motivated, low-risk investment opportunities, referred to as “capital preservation investments” (e.g., using EIS monies to buy property from which the company traded).

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Topics: 2017 Autumn Statement, HMRC advance assurance, Film, Film SEIS

SEIS and EIS for film: awakening the "Force" of creativity

Posted by Vasiliki Carson, Sapphire Capital on 03-Feb-2016 16:43:42

 

Did anyone not look out for George Osborne’s name featured in the "Star Wars Episode VII: The Force Awakens" movie credits? What a great moment that was, silver screen recognition of the UK government’s support for the creative industries in a film sequel that has traditionally been so… “Americana”.

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Topics: Film SEIS

10 reasons why your low budget film production will never get financed

Posted by Phil Taylor, Film Engine Limited, London on 11-Dec-2013 13:21:00

Out there in our wonderful but often difficult world there are millions of would-be filmmakers, some with just great ideas, others with the capacity to write a script and perhaps as you’re reading this you are, or know, one of them. But for every 100,000 scripts only a tiny percentage ever get made. Why is that? Hopefully my experience and feedback will help show you why with some simple and common sense tips. 

Problem One: “I’ve written a blockbuster!”

You think your script is the best thing since ‘sliced bread’ and cannot understand why hardly anyone else thinks like you do.  Solution - get a top professional to review your script and seek plenty of input from your peers. Find another writer who has had their film financed and ask them to review it. Try to use someone with a similar genre outlook.  Get as many reviews as you can.

Problem Two: Genre “It’s a horror, Sci fi with a romantic twist set on a desert island which is invaded by pirates and comical CGI dinosaurs set in ancient China with kick boxing elephants….”

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Topics: EIS, SEIS, Film SEIS, Film