Policy paper

Income Tax: Venture Capital Trusts - returns of information

This tax information and impact note advises of a new returns process which uses a standard format that can be submitted electronically for accounting periods ending on or after 31 December 2016.



The amended regulations will enable HM Revenue and Customs to collect relevant information from venture capital trusts (VCTs) about their activities in an accounting period. The record keeping requirement will be increased to 10 years. A new standardised format for the return will be introduced which VCTs will be able to submit electronically.

Published 9 December 2016