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There is nothing grey about it. They are charging you a fee for raising money. It is exempt. It is what I do for a living.
If they charge you an annual administrative fee for managing the various investors, then that will attract VAT.
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It is a financial service they are providing - it is exempt from VAT. See here:
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As Seedrs take 7.5% + VAT and we have legal fees too, we're actually getting less than we're raising.
Their 7.5% is commission on fund raising - you should not pay VAT on this as it is either exempt or zero rated. I would raise it with them. You will pay VAT on legal fees though...
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So I need to speak to a lawyer on Monday (I'm actually speaking to 2) to make sure that everything paperwork-wise is in order for the equity offer and to ensure that I've structured things correctly with regards to how do this such that it doesn't prevent VC funding of a Series A at some point way into the future.
make sure you discuss how you reconcile the likely requirement of the VC for a shareholder agreement with the disparate group of shareholders that the seedrs structure will result in.
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You need to fill in a tax return at the end of the year. Currently not everyone is required to complete a tax return - however, anyone is entitled to do so.
Congratulations David!!