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EIIS Query

studyfreak101 · 2021-03-30 22:41:11

What happens if a company advertises that investment in them qualifies for tax relief under EIIS, you therefore invest in them and subsequently they do not qualify for EIIS. They cannot issue you a statement of qualification and so you cannot claim your tax relief (as I understand it). Do you have any recourse in this…

30-03-2021 11:41PM

#1

studyfreak101

Registered Users, Registered Users 2 Posts: 2 ✭

Join Date: March 2021

Posts: 1

What happens if a company advertises that investment in them qualifies for tax relief under EIIS, you therefore invest in them and subsequently they do not qualify for EIIS. They cannot issue you a statement of qualification and so you cannot claim your tax relief (as I understand it). Do you have any recourse in this situation? Is there an onus on the investor to check that they meet the criteria for EIIS eligibility? Are there any rules/regulations in the scheme to prevent this from happening?

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