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A client made payments into a seed enterprise investment scheme and an enterprise investment scheme in 2012/13 and 2013/14. No certificates were received in time for submission of the 2012/13 tax return
My client has significant income and also made capital gains in 2012/13. He made a payment of £60 000 into a seed enterprise investment scheme (SEIS) on 5 April 2013 and a payment of £50 000 into an enterprise investment scheme (EIS) on 19 September 2013.
Neither company has yet provided a certificate so his tax return for 2012/13 will be submitted without reference to any reliefs. Assuming that the certificates arrive my questions are as follows.
First can the claims to the 2012/13 income tax deductions (SEIS £30 000 EIS £15 000 by carry back) and the reduction of 2012/13 chargeable gains (SEIS exemption of £60 000 and EIS deferral of £50 000) be made by an online amendment of the tax return or is a separate written claim necessary?
Second if the claim can be made by online amendment is...
