VCM25500 - EIS: income tax relief: claiming relief: action after receipt

Where a claim is accepted (either without enquiry or after enquiry) this should be notified to the Small Company Enterprise Centre (SCEC) office dealing with the company. If there is an EIS3 claim form send a copy of it to the SCEC office, using form MS117 (EIS) available on LFC. If there is no EIS3 claim form, complete an EIS3 (Internal) and send this. That form is also available on LFC. Sending these forms enables the SCEC to check that the investor qualifies for the relief and that the amount and year are correct, and assists the Inspector in arranging for any reduction of relief which may be needed at a later stage.

When the claim is supported by a form EIS5 (because the investment has been made through an Approved Investment Fund) there is no need to send a copy or show this information on the form, to the SCEC. Folder EIS8 is provided to hold papers relating to claims to relief. The cover can be used to record details of relief obtained and withdrawn.