SEIS and EIS: the rules relating to advance subscriptions

This short video explains what an advance subscription is and how it can be used to raise investment using the SEIS and EIS schemes. It also explains the key differences between an advance subscription and a convertible loan. The video then discusses how advance subscriptions interact with the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) and key terms that must be included to ensure compliance with the new rules announced by HMRC in February 2020.