Income Tax Act 2007 section 257GI

Obligations of secrecy

Section 257GI permits HMRC to override normal confidentiality rules in order to inform a company about SEIS relief claims relating to its own shares.

• No statutory or other obligation of secrecy can prevent HMRC from making this disclosure
• HMRC may tell a company that SEIS relief has been obtained or claimed in respect of its shares
• The disclosure may include the number or proportion of shares for which relief has been claimed
• This ensures companies can be kept informed about the SEIS relief status of their own share issues