FA 2012 Schs 6, 7 and 8 contain a number of significant changes in relation to venture capital reliefs. Schedule 6 introduces a new scheme, the seed enterprise investment scheme (SEIS), which is designed to encourage individuals to invest in small, start-up trading companies. The changes in Schedules 7 and 8 aim to extend, simplify and better focus the enterprise incentive scheme (EIS) and venture capital trusts (VCTs). The biggest hurdle at present is the uncertainty that surrounds the new ‘disqualifying arrangements’ condition.
