On the 2nd January changes came into force which mean that every Advance Assurance application must now include the names of investors intending to invest in that funding round, or HMRC will reject the application as they will be deemed as ‘speculative investments.’
Previously, Advance Assurance could be applied for months before a funding round, however the changes mean that specific interest from investors will have to be given before an application is submitted to HMRC.
Please contact your client account manager if you would like more information on Advance Assurance, SEIS or EIS.
