How to make an EIS claim for an amount carried back to a previous year

A claim to carry back relief from an EIS investment to a previous tax year will amend the amount of relief due for the current tax year but will not be reflected elsewhere on the Self Assessment return. In line with the principles of Self Assessment an event in a particular tax year will not 're-open' an earlier tax year.

The claim for EIS carry back relief should be made using forms EIS3 or EIS5 to be submitted directly to HM Revenue & Customs. For further guidance see IR Help Sheet 341, page 2. Any tax relief in respect of the claim will be credited to the individual's SA account and can be offset against other tax due or refunded.