VCM21070 - Enterprise investment scheme (EIS): General: Procedure - examining form EIS1 - value received

If form EIS1 shows that any of the listed subscribers, or any associate of such a person, has received value the implications of this for the availability of relief (see VCM26300 and VCM40000) need to be considered. In any case where the amount of income tax relief that might be claimed by any subscriber will be affected the HMRC officer and the company should agree the amount to be recorded on the form EIS3 to be issued to that subscriber.