Income Tax Act 2007 (c. 3)

Part 5 U.K. Enterprise investment scheme

Chapter 5 U.K. Attribution of and claims for EIS relief

Claims: supporting documents U.K.

207 Penalties for fraudulent certificate or statement etc U.K.

The issuing company is liable to a penalty not exceeding £3,000 if—

(a) it issues a compliance certificate, or provides a compliance statement, which is made fraudulently or negligently, or

(b) it issues a compliance certificate in contravention of section 204(3) or (4).