Those bearing the heaviest part of this burden will be higher earners, with the latest statistics indicating that 25% of taxpayers with the highest incomes account for over 75% of all income tax receipts. 

 In response to this, higher earners looking for ways to potentially mitigate their income tax liabilities will find there are not many options available to them. Available options that might appear attractive are tax efficient investments qualifying for the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).

EIS and SEIS offer generous tax reliefs, in particular advantageous income tax reliefs, in exchange for investing in early-stage companies.