Personal Tax- Enterprise Business Investment RELIEF claim in year or carry back to previous year (EIS/SEED)

personal-tax-business-investment-eis-relief-carry-back-to-previous-year-eis-seed

Personal Tax- Enterprise Business Investment RELIEF claim in year or carry back to previous year (EIS/SEED)

8th February 2023

Personal Tax- Business Investment Relief carry back to previous year (EIS/SEED)

This is a RELIEF claim only

1. Reliefs
2. Business investments
3. EIS or SEED enterprise investment schemes
4. Fill in details and make sure amount for relief (and carry back box is filled if needed) and that the “for year end 5th April:” has the tax year you are claiming it (eg 2025 if its the tax year you want to claim it under the year 2025). NOTE it requires DATES and a AMOUNT PAID entry to be made which then allows for the AMOUNT OF RELIEF to be populated or you cannot claim any relief.
5. WARNING: If you enter a ‘carry back’ amount as well in the same year of a claim- it may block the relief from being claimed, so remove it.

If you need to carry back the relief: For example If you have a Business Investment EIS relief in 2026 and need to claim this relief back in 2025. There MUST BE entries made in each year: 1) the relief is originally FROM and 2) again in the year you want to claim the relief TO.

1.Load the year of the claim – eg 2026
Reliefs | business investments | Eis or Seed enterprise investment schemes – fill in details and make sure amount for carry back box is filled and the amount of relief (both boxes) , and that the “for year end 5th April:” has the tax year you are carrying back to (eg 2025). The amount for relief must be equal or greater than amount to carryback (And thus the carry back value cannot exceed the relief as well).

2. Change year to year where the claim is going to – eg 2025
Reliefs | business investments | Eis or Seed enterprise investment schemes – enter in the same information but leave the carry back amount field blank, the amount for relief field (eg the amount carried back from step1) will be what shows on the tax comp. “for year end 5th April:” should have the tax year you are carrying to eg 2025. WARNING: If you enter a ‘carry back’ amount as well – it may block the relief from being claimed, remove it.

The year you enter in “for year end 5th April:” is how PT applies the relief in that ‘specific’ year.

If none of these are relevant to your EIS/SEED Relief claim – We have recommended users to contact HMRC support to ask where they want this specific relief to show on the SA100 page and box numbers OR declare this under Reliefs – Misc-additional information SA100. So that HMRC can manually adjust the tax calculation if its required.

If you need to carry back or clawback then read this KB