Income Tax Act 2007 section 244

Obligations of secrecy

Section 244 permits HMRC officers to disclose certain EIS relief information to the issuing company, overriding normal confidentiality obligations.

  • Normal statutory or other obligations of secrecy do not prevent HMRC from sharing EIS relief information with the company whose shares are involved.
  • HMRC officers may tell a company that EIS relief has been obtained or claimed in respect of its shares.
  • The disclosure can include the particular number or proportion of shares for which EIS relief has been claimed.
  • This ensures companies can be kept informed about the EIS status of their own share issues without HMRC breaching confidentiality rules.

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