VCM26530 - Enterprise Investment Scheme (EIS): Income Tax relief: Withdrawal or reduction of relief - method of

ICTA/S307 (1); ITA/S235

EIS relief cannot be withdrawn via self-assessment. Instead it should be recovered by the making of a manual Special Assessment using SEES, and the charge entered onto SAFE.

Instructions on how to do this are at SAM22001 -SAM22030.

Where the shares in question were acquired from a spouse or civil partner, the assessment will be on the person they were transferred to (see VCM26050).