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How, then, can authors create more revenue streams associated with their books or areas of expertise without incurring a lot of additional expense?
Here are nine of my favorite ways to make money other than writing books.
If you’re part of a group, the majority of the group’s activities must be qualifying trades.
Your company cannot raise more than £5 million in total in any 12-month period from: Your company cannot raise more than £12 million from these sources in your company’s lifetime.
However, the rights to receive dividends cannot be allowed to accumulate or allow the dividend to be varied.
When you issue the shares there cannot be an arrangement: Email HMRC to ask for this form in Welsh (Cymraeg).
For a better experience, download the Chase app for your i Phone or Android.
Or, go to System Requirements from your laptop or desktop.
You must submit it within 2 years of this date, or within 2 years of the end of the tax year in which the shares were issued (whichever is later).
You must complete a separate application for each share issue.
You can email or post your compliance statement and supporting documents. Post: If your application is successful, HMRC will send you a letter and compliance certificates (form EIS3) to give to your investors.
Tax reliefs will be withheld or withdrawn from your investors if you do not follow the rules for at least 3 years after the investment is made.
There are different rules for knowledge-intensive companies that carry out a significant amount of research, development or innovation, and either: Your company must carry out a qualifying trade.