Part 5Enterprise investment scheme
Chapter 7Withdrawal or reduction of EIS relief: procedure
Assessments and appeals
237Time limits for assessments
1
An officer of Revenue and Customs may not—
a
make an assessment for withdrawing or reducing the EIS relief attributable to any of the relevant shares, or
b
give a notice under section 234(3)(b),
more than 6 years after the end of the relevant tax year.
2
In subsection (1) “the relevant tax year” means—
a
the tax year in which the time mentioned in section 175(3) (the use of money raised requirement) falls, or
b
the tax year in which the event which causes the EIS relief to be withdrawn or reduced occurs,
whichever is the later.
3
Subsection (1) is without prejudice to section 36 of TMA 1970 (fraudulent or negligent conduct).