VCM35160 - Venture Capital Schemes Manual: the Seed Enterprise Investment Scheme: company and investor procedures: investor claims: HMRC action after receipt of allowing investor claim

Where a claim is accepted (either without enquiry or after enquiry) this should be notified to theVenture Capital Reliefs (VCR) Team dealing with the company. Sending these forms enables the VCR Team to check that the investor qualifies for the relief and that the amount and year are correct, and assists the Inspector in arranging for any reduction of relief which may be needed at a later stage.

Income tax relief claims of less than £5000 need not be referred to the VCR Team.