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The Enterprise Incentive Scheme (also called EIS) is a tax relief scheme that lets you save on tax by investing in startups and other early-stage businesses.
EIS is one of the best tax-efficient investment schemes that are available in the UK – others are SEIS, VCT, SITR, CITR, ISAs, etc.
The most important thing you need to remember is that you need to file a Self Assessment and claim your Income Tax relief first – otherwise you’re not eligible for the other reliefs, either.