RFID + science + integration

UHF solutions for tracking surgical instruments & hospital equipment

Spa Track investors qualify for up to 30% tax relief through Enterprise Investment Scheme

The Enterprise Investment Scheme (EIS), launched 20 years ago, provides up front relief and tax-free income for investors who buy shares in qualifying businesses. Spa Track is authorised by HMRC to issue shares under Section 204(1) ITA 2007, of this scheme, which means tax relief of up to 30% and attractive tax benefits for investors in Spa Track.
The Enterprise Investment Scheme (EIS) provides tax incentives in the form of a variety of income tax and capital gains tax reliefs to investors who invest in smaller, unquoted, trading companies. The primary tax relief takes the form of a reduction in Income Tax at a flat rate of the cost of new shares. Tax relief increased from 20% to 30% on 6 April 2011. There is no minimum amount an investor can invest in any one company however there is a maximum investment of up to £1 million.

The Independent reported last year’s EIS figures and apparently the scheme generated £1.53 billion worth of funding during the 2013-14 tax year for small to medium-sized enterprises across the UK economy. Figures for 2014-15 have yet to be published but treasury estimates suggest it was higher.

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