A Simpler Way to Claim
Pie Tax already handles Self Assessment for thousands of sole traders, landlords and investors, and has been downloaded more than 130,000 times. Through the partnership, Crowdcube investors can claim their EIS and SEIS relief through Pie Tax as part of their tax return, without needing an accountant.
It's the latest of Pie Tax’s partnerships with UK investment platforms, following Chip & Pie Tax's tie-up to simplify tax filing for savers and investors.
"Investors back startups to support new businesses, and the government rewards them for it," says Tommy McNally, Founder and CEO of Pie Tax. "But too many never see that money, because claiming it means dealing with HMRC paperwork. We built Pie Tax to take that job off people's hands. Working with Crowdcube means we can do that for 1.5 million investors."
"EIS and SEIS are a big part of why people invest in early-stage businesses," says Alex Timmons, Head of Portfolio at Crowdcube. "We want our investors to get the full benefit, and Pie Tax makes claiming relief far simpler. We're pleased to be working with them."
What This Means for Investors
Crowdcube investors can now see the tax relief they're due directly in their Crowdcube dashboard, instead of piecing it together from certificates and old emails. They can then claim that tax relief directly though Pie, adding that relief to their Self Assessment and allowing users to submit it straight to HMRC. No spreadsheets, no guessing which box is which, and no accountant's fee coming out of the relief.
And because Pie Tax handles the whole tax return, investors can keep everything in one place: salary, dividends, savings interest, rental income and capital gains. Pie Tax shows a live tax figure as income comes in, so there are no surprises in January. See how Pie Tax works.
How Investors Can Benefit
Check your Crowdcube dashboard to see the relief you're due. Sign up to Pie Tax or download our app. It's free on iOS and Android. Already a user? Just log in. Claim it on your Self Assessment. Pie Tax adds your EIS and SEIS relief and files with HMRC for you.
Already using Pie Tax? Tap Quick Add on the home screen, choose Add Tax Relief, then Tax Relief Investment Schemes.
The app and HMRC filing are free. Prefer someone to check your return, or do it for you? There are optional paid services for that.
What You Need to Know About EIS and SEIS