The Enterprise Investment Scheme (EIS) and a lack of ‘Flix-ibility: Flix Innovations Ltd (2015)

Introduction This case is an illustration of how complex the Enterprise Investment Scheme (“EIS”) and Seed EIS can be and also the unforgiving approach often adopted by HMRC and the Courts in relation to ‘getting it wrong’. The First-tier Tribunal (FTT) held that a right to repayment of the nominal value of shares in priority

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