Part 5

Enterprise investment scheme
Chapter 7

Withdrawal or reduction of EIS relief: procedure

Interest

Date from which interest is chargeable
239
1
In its application to an assessment made by virtue of section 235 in the case of relief withdrawn or reduced by virtue of a provision listed in column 1 of the following table, section 86 of TMA 1970 (interest on overdue income tax) has effect as if the relevant date were given by the corresponding entry in column 2 of the table.
Provision | Relevant date
Section 163, any of sections 181 to 188 or section 224, 232 or 233 | The date of the event which caused the withdrawal or reduction of EIS relief
Section 164 | The date of the making of the loan (see subsection (2))
Section 209 | The date of the disposal
Section 212(1) | The date of the grant of the option
Section 213 | The date of the receipt of value
2
The reference in the second entry in the table to the making of a loan is to be read in accordance with section 164(3).