Regardless of whether advance assurance has been obtained or not, if an enterprise wishes to apply for tax relief on shares the enterprise must submit a compliance statement appropriate to the tax relief scheme (e.g. for EIS, it would be necessary to download an EIS1 form) to the SCEC after the shares have been issued and the enterprise has been trading for a minimum of four months. If the SCEC (Small Companies Enterprise Centre) at HMRC accepts that the enterprise, its trade, and the shares all meet the requirements of the scheme, it will issue a confirmation to that effect, and supply sufficient forms (for EIS, these are called EIS3 forms) for the enterprise to send to the investors so they can claim tax relief. The investor should use this form to claim the relief via their self-assessment tax return. If the tax relief is for the current tax year then the investor can request an adjustment to their PAYE tax code, but they may still be required to complete a self-assessment tax form for the year in question. SEIS is also administered by the SCEC at HMRC, using the same procedures as those for EIS. Enterprises can apply for advance assurance using the same application form as for EIS. Following the share issue, the enterprise must submit a compliance statement (using form SEIS1), but only after it has been trading for at least four months or it has spent at least 70% of the funds raised. If the SCEC is satisfied that the enterprise meets the requirements of the scheme, it will issue a certificate to that effect and supply the enterprise with SEIS3 tax relief claim forms for investors.
SITR is also administered by the SCEC using broadly similar processes, and the compliance statement is called SITR(2014). All details of the processes to follow and the compliance statements for each scheme are on the gov.uk website: