--- title: The Trading / Spending Requirements for Submitting an S-EIS Compliance Statement description: Now that the round is over when can you start on your SEIS compliance... --- [Skip to content](https://help.seedlegals.com/en/4124185-the-trading-spending-requirements-for-submitting-an-s-eis-compliance-statement#main-content) English Show submenu for translations ![special-case-sl-logo.png\]](https://help.seedlegals.com/hs-fs/hubfs/special-case-sl-logo.png?width=165&height=18&name=special-case-sl-logo.png) - [Blog](https://seedlegals.com/resources/?nr=1) Open main navigation Close main navigation - [Blog](https://seedlegals.com/resources/?nr=1) - English Show submenu for translations - [Home](https://seedlegals.com/) [Home](https://seedlegals.com/) How can we help? - There are no suggestions because the search field is empty. 1. [Help Centre (UK)](https://help.seedlegals.com/en?hsLang=en) 2. [SEIS/EIS](https://help.seedlegals.com/en/seis-eis?hsLang=en) 3. [S/EIS Compliance](https://help.seedlegals.com/en/seis-eis?hsLang=en#s-eis-compliance) # The Trading / Spending Requirements for Submitting an S-EIS Compliance Statement ## Now that the round is over when can you start on your SEIS compliance... After you have closed your funding round you’ll want to move onto submitting your S-EIS Compliance Statement to HMRC so that your investors can claim their tax relief. It’s always best to submit this as quickly as possible to show your investors you’re on top of everything and so that you can finish off the funding round admin and focus on what you do best. However, there is strict criteria that the company will have to meet before HMRC will accept the Compliance Statement and allow you to issue the S-EIS3 certificates to your investors. ### **For SEIS:** The Company must have been **[trading for 4 months OR spent 70% of the SEIS Investment.](https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/vcm35040)** ### **For EIS:** The Company **[must have been trading for at least 4 months OR done 4 months of R&D before the application date](https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/vcm14040)** Note: If the below warning appears after you have created the Compliance Statement this means that for EIS the trading start date you have input is less than four months ago. 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