The co-op has received approval for its application for EIS tax relief, which it submitted earlier this year to HMRC. \u00a0This scheme entitles eligible members, who have \u00a3500 of shares or more in Leominster Community Solar to claim back (through their tax bill) 30% of the value of the shares.<\/p>\n
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%. \u00a0However, it was also removed for renewable energy schemes in receipt of FiTs, with the exception of community projects like ours.<\/p>\n
Members who have requested a form, have been sent one. \u00a0Any that still require one, should get in touch with eithne@sharenergy.coop<\/p>\n
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The co-op has received approval for its application for EIS tax relief, which it submitted earlier this year to HMRC. \u00a0This scheme entitles eligible members, who have \u00a3500 of shares or more in Leominster Community Solar to claim back (through … Continue reading