Section 257PA — Income Tax Act 2007: Entitlement to claim

Entitlement to claim 257PA 1 The investor is entitled to make a claim for SI relief in respect of the amount invested if the investor has received from the social enterprise a compliance certificate in respect of that amount.

2 For the purposes of PAYE regulations, no regard is to be had to SI relief unless a claim for it has been duly made.

3 No application may be under section 55(3) or (4) of TMA 1970 (application for postponement of payment of tax pending appeal) on the ground that the investor is entitled to SI relief unless a claim for the relief has been duly made by the investor.