Various persons are required to give notice to the inspector of chargeable events. The persons concerned vary according to the reason for the event and the extent to which they would have knowledge of the circumstances giving rise to that event. Normally, whilst failure to comply with such notices would expose the recipient to penalties under TMA 1970, s. 98, that section has not been amended to include notices under the EIS deferral regime within its ambit.

The investor

An individual holding relevant shares (see ¶565-760) must give notice to HMRC within 60 days of his or her ‘coming to know of the event’, where that event arises through:

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