Closing the Kickstarter campaign - but not the project December 03 2013, 0 Comments
PhotonStar will be closing its fundraising project on KickStarter as of today. We have taken the decision to close the campaign due to confusion surrounding taxes, which have come to light through other companies using this and other crowdfunding platforms.
The Halcyon project will be continuing as planned and rewards for pledges will be honoured. As you will understand, platforms such as KickStarter are new and innovative methods of sourcing funding for businesses and as a UK based VAT registered and AIM listed company we must be very clear on our tax obligations. However, Kickstarter has been a great platform for us and has earned us the support of valued backers whilst introducing important collaborations with forward thinking industry partners.