Seed EIS & EIS

Equity finance is only one of a range of attractive options to eliminate the costs of borrowing when issuing shares to investors.

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Film Tax Relief

Films produced for theatrical release could entitle you to film tax relief.

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Patent Box

If your business is making profits from exploiting patented inventions, you could be eligible to ‘Patent Box’.

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Tax relief for the creative industry

If you work within the creative industry, there are many types of tax relief you may not be aware of.

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HMRC has introduced some excellent incentivised tax schemes to help and encourage business including start ups and those that carry high risk. This is especially true of the creative industry. Creative sector tax relief is designed to support the creative businesses by benefiting from cashback from the HMRC.

 

ByzPulse ensure a proactive approach to identify any opportunities of claiming tax relief for our creative clients. We understand our client’s business inside out to identify the most beneficial approach to these schemes.

 

These specialist schemes have their own rules and guidelines which every claimant business must adhere to. Our tax experts take care of all the HMRC processes and delivers value to our clients seamlessly.

Seed EIS & EIS

Equity finance is an attractive option as it eliminates the costs of borrowing when issuing shares to the investor. It is more suitable to start-up business as they carry higher risk of failure and is a particularly attractive tax incentive as it encourages investors to invest in your company.

 

HMRC has introduced Seed EIS and EIS schemes which enables investors to receive tax benefits based on their investment.

 

We offer a comprehensive package for SEIS and EIS which includes eligibility testing, advance assurance, business planning, share issues, compliance statements and Tax Relief Certificates.

BENEFITS FOR SEED EIS INCLUDE:

  • Companies are able to raise up to £150,000

 

INDIVIDUAL INVESTORS STAND TO BENEFIT FROM:

  • TAX SAVINGS of up to 50% of investment
  • Potential Exemption from Capital Gains Tax
  • Potential Exemption from Inheritance Tax

BENEFITS FOR ELIGIBILITY FOR EIS INCLUDE:

  • Companies are able to raise up to £5,000,000 per year (Max £12m lifetime)

 

INDIVIDUAL INVESTORS STAND TO BENEFIT FROM:

  • TAX SAVINGS of up to 30% of investment
  • Potential Exemption from Capital Gains Tax
  • Potential Exemption from Inheritance Tax
      *Subject to scheme conditions

Film Tax Relief

If you are involved in film production intended for theatrical release, you could be eligible for the film tax relief.

What is the benefit?

If the film is profit making, you could benefit from up to 25% of eligible costs.

How can we help?

  • Eligibility test
  • Application of cultural test
  • Preparation of tax relief claim and related workings

Other types of tax relief available to the creative industry

There are a number of other tax relief available to creative businesses. These include:

  • Animation
  • High-end Television
  • Children’s Television
  • Video Games
  • Theatre
  • Orchestra
  • Museums and Galleries Exhibition

Patent Box

If your company is making profits from patented inventions, you could benefit from the tax relief called “Patent Box” as long as you own exclusively license in the patents and have undertaken qualifying development on them.