VCM25510 - EIS: income tax relief: claiming relief: refusal of claims

If a claim cannot be accepted and agreement cannot be reached, a formal notice of refusal should be sent to the claimant with a covering letter, a copy of it being sent to the agent where appropriate. Where the refusal relates to more than one claim, the notice should identify clearly all the separate claims to which it relates.

The notice of refusal should be on the following lines:

“The claim(s) to income tax relief under the Enterprise Investment Scheme listed above have been duly considered and I hereby give notice of my decision as follows; the claims are refused. The grounds for this decision are that….

If you do not accept this decision, written notice of appeal should be made to me within 30 days of receipt of this notice. Arrangements will then be made for your appeal(s) to be heard by the General Commissioners or, if you so elect, the Special Commissioners, who are independent bodies”.'