EISy does it

25 February 2014

Issue: 4441 / Categories: Forum & Feedback , Admin , Business , Capital Gains , Income Tax , Investments , Online , Self assessment , Venture capital

A client made payments into a seed enterprise investment scheme and an enterprise investment scheme in 2012/13 and 2013/14. No certificates were received in time for submission of the 2012/13 tax return

My client has significant income and also made capital gains in 2012/13. He made a payment of £60 000 into a seed enterprise investment scheme (SEIS) on 5 April 2013 and a payment of £50 000 into an enterprise investment scheme (EIS) on 19 September 2013.

Neither company has yet provided a certificate so his tax return for 2012/13 will be submitted without reference to any reliefs. Assuming that the certificates arrive my questions are as follows.

First can the claims to the 2012/13 income tax deductions (SEIS £30 000 EIS £15 000 by carry back) and the reduction of 2012/13 chargeable gains (SEIS exemption of £60 000 and EIS deferral of £50 000) be made by an online amendment of the tax return or is a separate written claim necessary?

Second if the claim can be made by online amendment is...

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EISy does it

25 February 2014

Neither company has yet provided a certificate so his tax return for 2012/13 will be submitted without reference to any reliefs. Assuming that the certificates arrive my questions are as follows.

Second if the claim can be made by online amendment is...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

Issue:

4441

Categories: Forum & Feedback [1] , Admin [2] , Business [3] , Capital Gains [4] , Income Tax [5] , Investments [6] , Online [7] , Self assessment [8] , Venture capital [9]

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