Commentary on Sections Overview Overview Section 205: Compliance statements
665.This section says what compliance statements are and deals with associated matters (including the period during which they can be given). It is based on section 306(3), (3A), (5) and (11) of ICTA.
666.The compliance statement is commonly known as an EIS 1, the form provided by HMRC for completion by the issuing company.
667.The reference to requirements for EIS relief being “for the time being met” in subsection (1)(a) is new. There is an explanation in Change 57 in Annex 1.