No tax relief for investors in UK startups Legends of the Shiva Jyotirlingas Ltd, Legends of Shirdi Sai Baba and 8 more, UK Tribunal agrees
The case centred on UK tax authority HM Revenue & Customs’ refusal to provide Seed Enterprise Investment Scheme (SEIS) compliance certificates which would have allowed tax relief to investors in 10 companies started in 2017, to create film projects around religious shrines in India and Nepal.
Source: moneycontrol.com