Share scheme design and management (starting with SEIS application)
- or -
Post a project like this3609
$80
- Posted:
- Proposals: 0
- Remote
- #493032
- Awarded
Description
Experience Level: Intermediate
Kind of support: Balance Sheet, Bookkeeping, Forecast, P&L, Report
Accounting software: Quickbooks
Description of support work: http://www.hmrc.gov.uk/seedeis/procedures.htm
Share scheme design and management (starting with SEIS application) involves Formal company approval following an issue of shares
Before investors can claim any tax relief, the company must complete form SEIS1 and send it to the SCEC. Before you fill in the form please read the SEIS1 Notes.
Download Form SEIS1 (PDF 241KB)
Download SEIS1 Notes (PDF 223KB)
The form contains a declaration that at the time of completion, the company has already met the requirements of the scheme to the extent that those requirements have to be met at the time of issue of the shares and to the date of the Declaration; and that it expects to meet all other requirements.
The company cannot submit an SEIS1 until either:
it has been trading for at least four months
if not yet trading, it has spent at least 70 per cent of the monies raised by the relevant issue of shares
If the SCEC accepts that the company, its activities, and the shares all meet the requirements of the scheme, it will issue the company with a certificate to that effect, and will supply claim forms (SEIS3s) for the company to send to the investors so they can claim tax relief.
This process must be followed for every issue of shares in respect of which it is intended SEIS relief will be claimed.
Extra notes: This is an ongoing position for the right person.
Accounting software: Quickbooks
Description of support work: http://www.hmrc.gov.uk/seedeis/procedures.htm
Share scheme design and management (starting with SEIS application) involves Formal company approval following an issue of shares
Before investors can claim any tax relief, the company must complete form SEIS1 and send it to the SCEC. Before you fill in the form please read the SEIS1 Notes.
Download Form SEIS1 (PDF 241KB)
Download SEIS1 Notes (PDF 223KB)
The form contains a declaration that at the time of completion, the company has already met the requirements of the scheme to the extent that those requirements have to be met at the time of issue of the shares and to the date of the Declaration; and that it expects to meet all other requirements.
The company cannot submit an SEIS1 until either:
it has been trading for at least four months
if not yet trading, it has spent at least 70 per cent of the monies raised by the relevant issue of shares
If the SCEC accepts that the company, its activities, and the shares all meet the requirements of the scheme, it will issue the company with a certificate to that effect, and will supply claim forms (SEIS3s) for the company to send to the investors so they can claim tax relief.
This process must be followed for every issue of shares in respect of which it is intended SEIS relief will be claimed.
Extra notes: This is an ongoing position for the right person.
Stephen L.
100% (1)Projects Completed
1
Freelancers worked with
1
Projects awarded
0%
Last project
16 Jul 2014
Australia
New Proposal
Login to your account and send a proposal now to get this project.
Log inClarification Board Ask a Question
-
There are no clarification messages.
We collect cookies to enable the proper functioning and security of our website, and to enhance your experience. By clicking on 'Accept All Cookies', you consent to the use of these cookies. You can change your 'Cookies Settings' at any time. For more information, please read ourCookie Policy
Cookie Settings
Accept All Cookies