Once the qualifying shares have been issued to the relevant individuals, a formal claim must be submitted to HMRC in an EIS 1 form containing the relevant share issue details and qualifying investor information.
On the basis that a formal claim is accepted, HMRC will then issue an EIS 2 authority for the share issue including a unique investment reference with EIS 3 certificates, which can be completed and passed on to the relevant individuals. These individuals can claim tax relief via their self-assessment tax return once in possession of the EIS 3 certificates.