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HMRC internal manual

Venture Capital Schemes Manual

EIS: deferral relief: shares issued on or after 6 April 1998: procedure where relief is no longer due

Where the officer of HMRC dealing with the affairs of a company becomes aware of circumstances which indicate that deferral relief is no longer due in respect of shares which it has issued, he or she will need to notify the offices dealing with the individuals concerned. The offices can be identified from forms EIS4, see VCM23200.

The notification will need to include details of:

  • the reason why the relief is no longer due and the date of the event,
  • the amount of deferral relief no longer due,
  • the year in which the shares to which the relief relates were issued.