Enterprise Investment Scheme Approval

The co-op has received approval for its application for EIS tax relief, which it submitted earlier this year to HMRC.  This scheme entitles eligible members, who have £500 of shares or more in Leominster Community Solar to claim back (through their tax bill) 30% of the value of the shares.

EIS is a tax mechanism to encourage investment in new enterprises and at the previous budget the proportion which could be reclaimed was increased from 20% to 30%.  However, it was also removed for renewable energy schemes in receipt of FiTs, with the exception of community projects like ours.

Members who have requested a form, have been sent one.  Any that still require one, should get in touch with eithne@sharenergy.coop


This entry was posted in Uncategorized. Bookmark the permalink.