EIS form Questions

Hi Guys,

Does anybody know the address to send your EIS form to? And if your reply is ā€˜my HMRC tax officeā€™ please can you give some advice on how to find that?

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I never sent it, process it via online self assessment instead.

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HM Revenue and Customs
BX9 1AS

Are you sure you can file EIS3 form online? You need to submit the hard copy signed by Freetradeā€™s (or whoever you invested in) Secretary

But i am taxed through PAYE?

You can tick on the form ā€œregister against my PAYE recordsā€ and it will be applied automatically to whichever FY you prefer - when you invested or the preceding year.

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Ok thanks Vlad so Iā€™ll do that and send it to the address you sent?

This is their main address I have always used to submit my EIS3 forms from Crowdcube. You could also send it to your local HMRC office but I have never done it myself hence not sure if it is viable.

Bear in mind it may take weeks for them to process the form :sweat_smile:

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Yeah this is the thing, Iā€™ve spent weeks actually trying to find the address of my local and have not been able to find it so Iā€™m going to follow the address you have given itā€™s the only answer Iā€™ve got.

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Thanks for your help @Vlad, by chance Iā€™ve just been filling in my EIS form tonight and came on here to see if anyone had similar questions about sending it off.

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Still confused on thisā€¦ do you just find the form online, fill it in, and post it?

You will get it by post

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I reckon itā€™s probably worth someone from Freetrade (@Freetrade_Team1) making a proper post on this, detailing exactly how you claim EIS as I suspect a lot of people will be asking, myself included.

As far as I understand, in a few weeks/months weā€™ll receive something in the post from Freetrade, which we then need to fill out a form and send them both to HMRC? If thatā€™s true, would be good to have a link to the form, timelines on when weā€™ll receive the thing from FT, and what needs to be put in this form.

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Iā€™ve always posted them to the main PAYE enquiries address which is
HM Revenue and Customs
BX9 1AS

as Vlad posted above.

I didnā€™t think you could do it online? You get a form in the post that is already partially filled in, only a few extra bits to fill in then post it off

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Yep, thereā€™s two separate things here, CGT relief and income tax relief.

Youā€™re due income tax relief in the year you purchased the shares (or the previous year if you elect to do so).

Youā€™re also exempt from CGT when you sell the shares (if you do), as long as youā€™ve held them for three years and claimed income tax relief.

Good news is you can claim income tax relief up to 5 years after purchasing the shares, so youā€™re still in the clear for sending in your EIS forms.

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Ah, sadly not. You should still apply (even though youā€™ll get Ā£0) to ensure that you get CGT relief when you do sell.

Tax relief is just that, relief on tax. If you donā€™t have any to pay in the first place, youā€™ll get relief on Ā£0. Sorry!

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I received mine in July 2018, following the third round, so you would expect up to about two months in total, unless something changed since then.

EIS3 forms are sent with no need for a signature, hence you will likely find it in your letterbox upon return should you have left the country. Then you have by the end of March 2020 to send it to HMRC.

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Hi guys just want to update. Iā€™m paid via PAYE and I submitted my EIS form and sent to the address given by a few kind users.

HM Revenue and Customs
BX9 1AS

I have been sent a p800 form which has my tax refund notice to either go online and apply for the refund which should arrive in 5 working days. If nothing is done for 42 days a cheque will be sent within two months.

Hope this helps others as the new investment rounds have begun.

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Were these forms for investing in round 4? I havenā€™t received any forms for that round yet

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Not yet. This was from the round before. I didnā€™t get round to sending mine off. I didnā€™t really understand we had to send our forms in.

We should get our forms later in the year I expect

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You donā€™t always need to send the EIS3 form, you just need to have it because it contains some important info. The claim form is the best way if you donā€™t normally submit a self assessment, but if you do, then it is much easier to do it online and the excess will just be paid into your bank account. This is how Iā€™ve done it in the past.

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