You’ve invested in a company and you’re getting 30% of your investment back as an EIS tax relief.
It must feel good.
But how to actually do it?
After the company you invested in has been trading for 4 months they will request the EIS3 certificates from HMRC, and then distribute these certificates to their investors – i.e. you.
If you used an agency or platform for your EIS investments then you should receive the EIS3 certificate from them instead.
The EIS3 certificate contains the key information needed for claiming your tax relief with your self assessment, including the time and amount of investment.
This is the document that proves you’re a shareholder in the business.
Normally the company you invested in must have also issued you one before you receive your EIS3 certificate.
When you’re filing your annual income tax return you must claim the EIS tax relief by filling in the “other tax reliefs” section on your Additional Information (SA101) pages.
Enter the total amount invested on section 2 of that page:
At the bottom of this page you’ll need to provide the information that is listed at the top of this article for each company you invested in:
Of course we at TaxScouts are happy to take care of this for you.
Get your self assessment prepared for you online by certified accountants for £119
Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.
You can talk to one of our tax assistants at any time during the process when you have any questions.
We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.
Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.
We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.
We'll prepare your self assessment and help to maximise your CIS tax refund. We have the lowest fees in the industry and you don't have to pay up front if you're eligible for a refund.
Our service allows people living abroad to prepare their income tax return online. We are able to process all returns regardless of your current country of residence.
UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.
Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.
TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.
At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.