Textual Amendments
F1Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1
Modifications etc. (not altering text)
C1Pt. 5A applied by Taxation of Chargeable Gains Act 1992 (c. 12), Sch. 5BB para. 8(4) (as inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5)
(1)A “compliance certificate” is a certificate which—
(a)is issued by the issuing company in respect of the relevant shares,
(b)states that, except so far as they fall to be met by or in relation to the investor, the requirements for SEIS relief (see section 257AA) are for the time being met in relation to those shares, and
(c)is in such form as the Commissioners for Her Majesty's Revenue and Customs may direct.
(2)Before issuing a compliance certificate in respect of the relevant shares, the issuing company must provide an officer of Revenue and Customs with a compliance statement in respect of the issue of shares which includes the relevant shares.
(3)The issuing company must not issue a compliance certificate without the authority of an officer of Revenue and Customs.
(4)If the issuing company, or a person connected with the issuing company, has given notice to an officer of Revenue and Customs under section 257GF, a compliance certificate must not be issued unless the authority is given or renewed after the receipt of the notice.
(5)If an officer of Revenue and Customs—
(a)has been requested to give or renew an authority to issue a compliance certificate, and
(b)has decided whether or not to do so,
the officer must give notice of the officer's decision to the issuing company.]