Note that this scheme closed to new investment from 6 April 2023 onwards.
Information provisions governing SI relief concern the giving of information to HMRC by the investor and the social enterprise, and HMRC's power to require information.
Information to be provided by the investor
The investor must give HMRC particulars of an event contravening the requirements relating to1:
- Ìý
(a)ÌýÌýÌýÌý the no linked loans requirement (see E3.905) or any of the conditions of eligibility relating to the investor (see E3.906);
- Ìý
(b)ÌýÌýÌýÌý the receipt of value, including where withdrawal is forestalled by giving replacement value (see E3.918, E3.920); and
- Ìý
(c)ÌýÌýÌýÌý disposals and options (see E3.925).
The investor must provide the information within 60 days of coming to know of the event2. The obligation falls under the penalty provisions of TMA 1970, s 98 (see A4.571)3.
Information to be provided by the SE
The SE and any person connected with the SE who has knowledge of the relevant matters have a similar duty to provide HMRC
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Web page updated on 17 Mar 2025 17:40