I think I screwed up

Sncjw

Hi 

So I am getting so confused about this eis tax relief thing..

I have invested into several start ups and was finally getting round to do the eis thing. I read that you had to do salf assesmmnents so I signed up to do that. Then I seen you can just print off the form from each compaie tax documents they send you..

I think I screwed up in that I sent for a self assessment account. 

Please help. I really don't understand all of this stuff. 

Jeremy535897

You do need to complete a tax return to claim EIS relief:
https://www.gov.uk/government/publications/enterprise-investment-scheme-income-tax-relief-hs341-self-assessment-helpsheet/hs341-enterprise-investment-scheme-income-tax-relief-2020

Sncjw

But I read I just need to submit the forms they attached to the tax documents page on seedrs. 

Dazed_and_C0nfused

I don't think an SA return is always needed,

https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye10045

But now you've gone down that route it might be simplest to complete the return(s) rather than argue about whether a return is necessary.

Jeremy535897

Dazed_and_C0nfused said:

I don't think an SA return is always needed,

https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye10045

But now you've gone down that route it might be simplest to complete the return(s) rather than argue about whether a return is necessary.

You won't get a code changed in arrears, and OP's post talking about "finally getting round to" isn't compatible with investments made since 6 April 2022, and as you say, once registered, it is simpler to complete it than argue why it isn't necessary.

Sncjw

I made some since December 2021.