HyPod Vet notified by the ‘Company Enterprise Centre’ of HM Revenue & Customs, that it has qualified for HMRC’s ‘Enterprise Initiative Scheme’ (“EIS”).
HyPod Vet can now implement its planned additional £500,000 equity investment program, offering new equity to investors who will now significantly benefit from all the EIS tax advantages.
The EIS was launched many years ago by the UK Government, to encourage investment into smaller, newer enterprises. It rewards the investors in EIS status companies, with a raft of valuable tax benefits, including 30% income tax relief on their total investment.
For more about EIS investment advantages, see: https://www.gov.uk/guidance/venture-capital-schemes-apply-for-the-enterprise-investment-scheme