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The Enterprise Investment Scheme (EIS) is a series of UK tax reliefs launched in 1994 in succession to the Business Expansion Scheme. [ 1 ] [ 2 ] It is designed to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom.
The Seed Enterprise Investment Scheme (SEIS) was launched by the United Kingdom government on 6 April 2012 in order to encourage investors to finance startups by providing tax breaks for backing projects they may otherwise view as too risky. [1]
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
HMRC publish full details of the progression of the tax deduction and payable credit rates on their website . [4] The steady state cost of the whole scheme is approximately £1.3 billion [5] per annum in terms of corporation tax revenues foregone by HM Treasury.
HMRC was not unjustly enriched by a payment to discharge a tax liability because the tax liability must have been due under the statute. Even if HMRC was enriched by the value of the claimant's forgone tax relief credits, and even if the gain would not have been made but for the claimant's use of the relief, HMRC did not gain at the FII Group's ...
HMRC – Her Majesty's Revenue and Customs; HP – Hire purchase; ... RAQSCI – Regulatory, Assurance of Supply, Quality, Service, Cost, Innovation (see RAQSCI)
GOV.UK Verify was an identity assurance system developed by the British Government Digital Service (GDS) which was in operation between May 2016 and April 2023. The system was intended to provide a single trusted login across all British government digital services, verifying the user's identity in 15 minutes. [1]
HMRC repaid net amounts (because s 80(2A) required a set off from deductions of input tax already made for supplying services). After Fleming (t/a Bodycraft) v Customs and Excise Commissioners [2008] UKHL 2, more refund claims were allowed going back to 4 December 1996. ITC claimed they had a remedy for restitution, that this claim was not ...