VCM35090 | Venture Capital Schemes Manual: the Seed Enterprise Investment Scheme: company and investor procedures: company procedures: authorising the issue of certificates SEIS3 to the investors

HMRC reviews the compliance statement and when it is satisfied that the compliance statement SEIS1, for the relevant share issue meets all the SEIS qualifying conditions, HMRC will issue the company a Unique Investment Reference number (UIR) by issuing a form SEIS2. Companies must use this UIR on all SEIS3 forms to be issued to subscribers and on any correspondence for that share issue with HMRC.

The SEIS2 authorises the company to issue the relevant number of compliance certificates SEIS3 (PDF document) to the registered subscribers - normally the details of the subscribers are recorded in the SEIS1 form.

The company should enter the details of the investment on the form SEIS3, including the UIR, and send the completed form to each subscriber.

Receipt of a form SEIS3 by an investor indicates only that HMRC is satisfied that, from the date of issue of the relevant shares to the date the company submitted its compliance statement, the issuing company has met all the requirements insofar as they could for the time being be met. It does not indicate that the investor will be eligible for tax relief.