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Posted Mon, 20 Mar 2023 10:39:21 GMT by Kaush Shah
Dear HMRC I am currently in the process of filling out the Enterprise Investment Scheme Claim form in respect of shares that were issued to me in September 2020, although I only received the EIS compliance certificate in April 2021. I note that HMRC's guidance, per, states that "If you invest with EIS, SEIS or SITR, you can claim relief up to 5 years after the 31 January following the tax year in which you made the investment". As such, I would like to make a claim for income tax relief in respect of the shares I was issued in September 2020. The Claim form (03/20) currently has two boxes in the 'Claim to EIS Income Tax relief' section: I wish relief to be allowed in my PAYE coding I have already claimed Income Tax relief for the relevant year(s) Neither of the above statements holds true for me. As such, can you please confirm if I do indeed need to tick any of the two boxes, or can I simply fill out the section where it states "The amount of which I am claiming relief is [£X.X] for the year ended 5 April 2021 being the year in which the shares were issued"? Many thanks
Posted Thu, 23 Mar 2023 17:52:09 GMT by HMRC Admin 25
Hi Kaushil Shah,

Based on the information provided, you should not tick the two boxes referred to. 

You should enter the amount of EIS relief you are claiming.    

HS341 Enterprise Investment Scheme — Income Tax relief (2020)

Thank you. 

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