B4Rn Logo
Hero Further5

News & Events

Service Status

Enterprise Investment Scheme – Update

November 16th, 2018
Author: Martin May
Posted In: Latest news

In the interests of openness and transparency, B4RN’s directors have decided today to place this information in the public domain so that investors are fully aware of this situation.

Broadband for the Rural North Ltd was authorised by HMRC to issue Enterprise Investment Scheme (EIS) compliance certificates on the 2nd December 2011 making investment in B4RN withdrawable shares eligible for tax relief under the Enterprise Investment Scheme.

On the 14th October 2018 HMRC announced they would be testing our compliance with a new ‘risk to capital’ rule brought in as part of the Finance Act 2018. This rule came in to force on the 15th March 2018.

The rule states that for investors there must be a significant risk to capital greater than the net investment return. This test was introduced to avoid abuse of EIS by schemes that were structured to obtain tax relief but pose no real risk to investors.

B4RN have made a prompt and detailed response to HMRC’s enquiries and expect to receive a formal decision in early December 2018.

Whilst B4RN’s directors are confident that B4RN continues to remain eligible for EIS, HMRC have decided in the interim not to process EIS1 forms for investments made in B4RN after the 15th March 2018 until they have made their determination.

We will also be contacting investors who have invested in B4RN shares since the 15th March 2018 and who are waiting for EIS3 forms.

Barry Forde, MBE
Chief Executive Officer
Broadband for the Rural North Ltd
13th November 2018

Gavin And Belinda Second Nature Smallban

Stories from out in the field from our very happy customers

One residential customer in Over Kellet used to know whether it was worth firing up her computer by looking out of her front window to see what the weather was doing with her telephone line.

Customer Testimonial

We juggle two jobs from home, and it’s just been a game-changer. Just sign up! It’s the best internet service I’ve ever received, and I’ve moved a thousand times!
Georgiana, Dentdale
It has allowed us to improve our farm business through the implementation of Wi-Fi heat detection ankle bands on our herd, and thus improving our business productivity.
Heather Whalley, Farmer
OMG it is amazing! I don’t want to go back to London, which was faster than here, but not now! Just to say a BIG THANK YOU to all you guys, what a great thing you are doing. I’m shocked not everyone is signing up!
Customer in Norfolk
After lambing 1300 ewes a good film is what I want to watch and because we have B4RN that is no problem. Just enables me and my family to get on.
Farmer (Anonymous)
It’s like going from a Ford Anglia to a jet engine!
Jackie Frankland, Rathmell

We’re award winners!

Connected Britain Bpoty All Caps Edit Best Rural Isp Winner 2022 Inca Winner 2022 Medium Connected Britain Community Improvement Award Winner 2022 Inca Ispa 1663059912