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HMRC internal manual

Venture Capital Schemes Manual

HM Revenue & Customs
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SEIS: income tax relief: withdrawal or reduction of SEIS relief: procedure: overview

ITA07/Part 5A/Chapter 7

Where the officer dealing with the affairs of a company becomes aware that relief falls to be withdrawn he or she will need to notify the tax offices dealing with the individuals concerned.

The notification will need to include the following details:

  • the reason for the withdrawal,
  • the amount to be withdrawn, if not the whole of the relief,
  • the year in which the shares to which the relief relates were issued,
  • the reckonable date for interest (see VCM36110).