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Relief may be available under the Enterprise Investment Scheme. Enter details of shares purchased in qualifying companies, the amount claimed and the date of disposal (if applicable - which might cause relief to be withdrawn).
Trade name - enter the name of the trade.
Date started - a claim cannot be made until four months after the date trading started and must be made by the later of:
Two years after the end of the year of assessment (5th April) in which the trade started; or
Two years and four months after the date trading started.
SHARES description - enter the description of the shares.
Acquisition number - enter the number of shares acquired this if for information only.
Acquisition date - enter the date the shares were acquired. Prior to 06/04/2010, if shares were acquired in the first half of the tax year (6th April to 5th October inclusive), some of the relief may be carried back to the previous tax year. From 06/04/2010 onwards, this restriction no longer applies.
Amount paid - enter the amount paid for the shares, this is for information purposes.
Disposed of - select if all shares were disposed of. This will prevent the share from being transferred forward to the following tax year.
Date made - a claim cannot be made until four months after the date trading started and must be made by the later of:
Two years after the end of the year of assessment (5th April) in which the trade started; or
Two years and four months after the date trading started.
For year end 5th April - the claim will not appear in the computation unless the tax year is entered in this field.
If a claim has been made in the following tax year and some of that relief has been carried back to the current tax year, enter the date the claim was made, enter the current year in the 'for year end 5th April' field and the amount being claimed in the current year in the amount of relief field. Leave the carry back amount field blank.
Amount for relief - enter the amount of relief claimed. From 06/04/2012 there is no minimum amount, prior to this the minimum amount is £500. From 06/04/2012 the maximum claim is £5 million, prior to this the maximum claim is £500,000 for all schemes. Relief is given at 30% (20% prior to 2012) and appears as a rate restricted relief in the computation.
Carryback amount - enter the amount of relief to be carried up to the value in the amount for relief field.
From 2007 the maximum that can be carried back to the previous year is increased from £25,000 to £50,000(or up to half the subscription if lower)
Totals - this totals area shows the value of the claim for the selected shares and the total for Enterprise Investment Scheme shares. From 06/04/2012 the maximum claim is £1million, prior to this Tthe maximum claim for all shares is £500,000.
Retain forms EIS3 or EIS5 for possible Revenue inspection.
