The EIS Association is the trade body for the EIS/SEIS industry. EISA provides members with a forum to be part of the wider EIS and SEIS industry and helps to ensure efficient working of the schemes. Technical seminars are held twice a year with updates on Regulatory and Budget issues. Bulletins are issued during the year if there are any important changes.
Consultation with Government
The Government is extremely supportive of the entrepreneurial economy. EISA has played an important role in Consultations with the Treasury, HMRC and the FCA to ensure that EIS and SEIS work as effectively as possible. Members are encouraged to provide input into the various consultations so that EISA can co-ordinate the views of members and give a unified view from the industry.
EISA policy engagement in recent years has been followed by changes to rules and legislation including:
- Increase in EIS income tax relief from 20% to 30%
- Relaxation of income tax carry-back, permitting investment at any time in a tax year
- Removal of loss relief cap of £50,000 for investors in EIS
- Increase in the annual cap for investment into an EIS qualifying company from £2m to £5m
- Increase in the gross assets limit for companies eligible for EIS investment from £7m to £15m pre new money
- Increase in the maximum number of employees allowed in an EIS qualifying company from 50 to 250
Education and Training – The EIS Diploma
The two technical seminars give members updates on important changes in legislation and wider information on the SME sector. As well as the Regulatory and Budget update, regularly at seminars, there is a corporate speaker illustrating how EIS/SEIS has been used in practice by their company and other speakers covering topics of interest.
The EIS Diploma was launched in 2014 and aims to give an overview of the EIS for financial advisers and wealth managers who may not be familiar with the detail. EISA members are entitled to one exam registration at the discounted price of £280. Full price is £335. Please go to https://www.eisa.org.uk/eis-diploma/ for further information.
The members only section of the website gives statistics on EIS/SEIS and the slide presentations from the technical seminars.
EISA organises three member events each year. As well as the two technical seminars there is the prestigious Chairman’s Reception at the House of Lords hosted by Lord Flight. These events give members an opportunity to network with other members and people from the wider EIS/SEIS industry.
The next event is The Spring Technical Seminar which will take place on Wednesday 17th May.
Members have the opportunity to nominate and vote for candidates for the EISA Awards which recognise excellence in the following categories:
Best EIS Manager/Sponsor
Best SEIS Manager/Sponsor
Best EIS/SEIS Tax Adviser
Best EIS/SEIS Legal or Regulatory Adviser
Best EIS Exit
Best EIS/SEIS Newcomer/Innovation – Company
Best EIS/SEIS Newcomer/Innovation – Individual
Best EIS/SEIS Journalist
The Awards ceremony is the highlight of the House of Lords Reception and the awards are highly prized – please see https://www.eisa.org.uk/eisa-awards-2016
Member Marketing & Promotion
Members are able to list their firm’s name, contact details and a 200 word description on the website under one of the following categories:
- Corporate Members
- Individual Members
Corporate Finance Advisor
Investor Services (Administrators, Brokers, Consultants, Custodians, Registrars)
Members with investment offers are able to list these on the website with a link to their own website for the investment documentation.