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The UK government will be amending the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS), and Venture Capital Trusts (VCTs)

Companies must be less than 12 years old when receiving their first EIS or VCT investment, unless where the investment will lead to a major change in the company’s activity.

It seems the government’s preference is for business rates to remain a tax based on property values, collected by local authorities.

Enterprise investment schemes

The UK government will be amending the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS), and Venture Capital Trusts (VCTs)

Companies must be less than 12 years old when receiving their first EIS or VCT investment, unless where the investment will lead to a major change in the company’s activity.

It seems the government’s preference is for business rates to remain a tax based on property values, collected by local authorities.

UK Sentencing guidelines now out

UK was criticised for its past record in weak sentencing of corporate offenders, by contrast to the significant penalties imposed in the US.

The new UK Guidelines change this position by a narrowing of the gap between financial penalties imposed in the UK and the US.

The new UK Guidelines stress the importance of pro-active compliance and cooperation can impact the quantum of any such penalties.

9th October 2013

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