How to claim your EIS income tax relief

You've invested in a company and you're getting 30% of your investment back as an income tax relief. It must feel good.

But how to actually do it?

Things you need to have

  • Company names that you invested into
  • Date on which the shares were issued to your name
  • Amounts you invested in each company
  • HMRC office that authorised the issue of the EIS3 certificate

Where you can get this information

1. Your EIS3 certificate

After the company you invested in has been trading for 4 months they'll go through the process of requesting the EIS3 certificates from HMRC for their investors. Once they've obtained them they will distribute them to their investors - ie you.

If you used an agency or an investment platform to invest in the company you should receive EIS3 certificate from them instead.

The EIS3 certificate contains the key information needed for claiming your tax relief with your self assessment: including the time and amount of investment.

2. Your Share Certificate

The company you invested in must have also issued you a share certificate. Normally this is done before you receive your EIS3 certificate. This is the document that proves you're a shareholder in the business. In many ways it contains the same information as your EIS3 certificate, minus the specifics about the EIS.

Things you need to do

1. File your annual income tax return

When you're filing your annual income tax return you must claim the EIS income tax relief by filling in the "other tax reliefs" section on your Additional Information (SA101) pages at HMRC.

You'll need to enter the total amount invested on section 2 of that page:

Tax return EIS amount

At the bottom of this page you'll need to provide the information that is listed at the top of this article for each company you invested in:

Tax return EIS details

Of course we at TaxScouts are happy to take care of this for you.

The exact amount of relief will depend on your investment and income tax situation but in general its 30% of what you invested. You can read more about it in our "What is EIS" section.

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