Part 5Enterprise investment scheme
Chapter 7Withdrawal or reduction of EIS relief: procedure
Interest
239Date from which interest is chargeable
(1)
In its application to an assessment made by virtue of section 235 in the case of relief withdrawn or reduced by virtue of a provision listed in column 1 of the following table, section 86 of TMA 1970 (interest on overdue income tax) has effect as if the relevant date were given by the corresponding entry in column 2 of the table.
Provision | Relevant date |
|---|---|
Section 163, F1173A any of sections 181 to 188 or section 224, 232 or 233 | The date of the event which caused the withdrawal or reduction of EIS relief |
Section 164 | The date of the making of the loan (see subsection (2)) |
Section 209 | The date of the disposal |
Section 212(1) | The date of the grant of the option |
Section 213 | The date of the receipt of value |
(2)
The reference in the second entry in the table to the making of a loan is to be read in accordance with section 164(3).