Before an investor can claim relief, he or she needs to be in possession of a compliance certificate issued by the company in respect of the relevant shares1.
The compliance certificate is issued to the investor on form EIS3. The steps to issuing a EIS3 compliance certificate are as follows:
| Steps to issuing EIS3 | Commentary |
| Step one: form EIS1 | The issuing company must provide HMRC with a compliance statement on form EIS12. The form must be submitted using the online service linked in Apply to use the Enterprise Investment Scheme to raise money for your company. Agents may submit applications on behalf of clients. The agent will need to provide a signed letter dated within the last 3 months confirming that they are entitled to act on the company's behalf.
Form EIS1, must give details of the company's capital structure after the share issue, the names, addresses and amounts subscribed by investors, the qualifying activity to be carried on and information to show that the conditions for relief are satisfied |
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Web page updated on 17 Mar 2025 16:53