How to claim (S)EIS tax relief with TaxScouts

  • 4 min read
  • Last updated 3 Jan 2024

If you’re a Crowdcube investor and need to claim your (S)EIS tax relief, you’ve come to the right place! We’ve partnered up with Crowdcube so you can get your tax relief claim sorted in no time at all.

Here’s a how-to guide on claiming your tax relief.

Before we start… 

Here are some of the most important things to remember:

You need to download your (S)EIS3 certificates from your Crowdcube account
Then you can create a TaxScouts account and upload your certificates in PDF format
The only documents you need to upload are your (S)EIS certificates
You can upload up to 5 certificates
You can claim your tax relief on its own or through a Self Assessment tax return

What is (S)EIS?

SEIS, or Seed Enterprise Investment Scheme, and EIS, or Enterprise Investment Scheme, are incentives set up by the UK government to encourage people to invest in small businesses and start-ups. 

There are tax-efficient benefits the scheme can provide for you as an investor. Specifically, we’re here to help claim your 30% (EIS) or 50% (SEIS) Income Tax Relief.

Note: If you claimed Income Tax Relief and held your shares for at least 3 years before selling, you also qualify for CGT exemptions. 🥳

How do you claim your Income Tax Relief?

There are 3 sections to this👇

  1. Download your certificate(s) from your Crowdcube account 
  2. Upload them to your TaxScouts account to process your claim
  3. Sign your certificates to send off to HMRC

How to download your (S)EIS3 certificates

  1. Log into your Crowdcube account
  2. Click on ‘My portfolio’ on the top right and scroll down to the company you’re claiming for 
  3. On the right-hand side, click on the drop-down arrow and click on ‘Documents’
  4. Click on ‘Download EIS Tax Certificate’
  5. Repeat steps 3 & 4 for all the investments you want to claim tax relief for 

Now that you’ve downloaded all the certificates, you’ll need to upload them to your TaxScouts account in PDF format. 

First, you’ll need to create an account using this link, specifically for (S)EIS tax relief claims.

Once you’ve done that, you’ll need:

Certificate formats:

We can accept 😊We cannot accept 🙁
✅ PDF certificates❌ Spreadsheets
❌ Pictures/images of certificates
❌ Word Documents with certificates

As much as we’d like to be able to accept your preferred format, we have to follow HMRC’s rules to make sure you get your relief.

How to upload your certificates to TaxScouts

  1. Sign in to your TaxScouts account
  2. Choose whether you want to claim the tax relief on its own or through a Self Assessment
    • If you claim through a tax return, you need to upload income and expenses information, including your (S)EIS certificates 
  3. If you choose to claim the (S)EIS tax relief on its own, you’ll need to agree with the terms and pay £25
  4. Once you’ve paid, you can upload up to 5 PDF certificates 
  5. Click continue, fill in the details and choose whether you’d like to provide your UTR number or your National Insurance number
  6. Check the box at the bottom if you want to receive your refund through your tax code (through your salary)
  7. Click continue. Check all your details are correct and hit ‘Confirm and send’
  8. Your tax relief claim is now submitted and being processed 🥳

What happens after we process the claim?

  1. As soon as the claim is processed, the certificate is sent back to you to sign – you’ll be able to see this in your TaxScouts account
  2. After you sign and confirm, your claim is then ready to send to HMRC

Once it’s sent, all you have to do is wait for your tax refund 🎉 

Now the ball’s in HMRC’s court. It can take up to 6 months for you to receive your refund – either via cheque or through your salary.

Since you’ve claimed your Income Tax relief, you’re now eligible for CGT exemptions on investments you’ve held for at least 3 years – hooray! 

Benefits of claiming through this service

Here are some features that make this service one-of-kind.

  • The platform is easy to use
  • It’s cost-effective 
  • It’s a quick process – get your certificates uploaded in minutes
  • We don’t use jargon
  • It’s all done 100% online
  • Our support team is on hand to help if you need it

We know that HMRC jargon (or their call waiting times) isn’t everyone’s cup of tea so we offer a simpler way. Plus, you get the peace of knowing everything was processed and submitted correctly! 

Other ways to claim

You can also claim your (S)EIS yourself, directly with HMRC if you’d prefer to. Whether you only claim separately or through your tax return, you can choose whatever option suits you best.

TaxScouts x Crowdcube 🤝

Here’s a recap: we’ve partnered with Crowdcube to help you claim your (S)EIS tax relief, without the fuss. 

If you only want to claim your tax relief on its own, you can for £25 for up to 5 (S)EIS certificates

If you’re claiming your tax relief through your tax return, we can help there too. Our accredited accountants will sort and file your tax return, and claim your tax relief for you at an 12% discount. £149 £131, all in!

TaxScouts Newsletter

Want regular tips from us?

Sign up for important updates, deadline reminders and basic tax hacks sent straight to your inbox.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.