Section 257GB | Time limits for assessments

(1)An officer of Revenue and Customs may—

(a)make an assessment for withdrawing or reducing the SEIS relief attributable to any of the relevant shares, or

(b)give a notice under section 257FR(3),

at any time not more than 6 years after the end of the relevant tax year.

(2)In subsection (1) “the relevant tax year” means—

(a)the tax year in which period B ends, or

(b)the tax year in which the event which causes the SEIS relief to be withdrawn or reduced occurs,

whichever is the later.

(3)Subsection (1) is without prejudice to section 36(1A) of TMA 1970 (loss of tax brought about deliberately etc).