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HMRC internal manual

Venture Capital Schemes Manual

Updates: Venture Capital Schemes Manual

2016

published amendments

Background to Venture Capital Schemes: Small Company Enterprise Centre
SCEC contact address updated.

published amendments

Maximum age limit for companies receiving risk finance investments: contents
Missing page link fix

published amendments

SEIS: income tax relief: introduction: commencement
Updated to reflect legislative changes.

published amendments

Average annual turnover
Examples 29 - 32 amended to show the correct 5 year periods.

published amendments

Excluded activities: provision of services or facilities for another business
Correction to CTA reference

published amendments

SEIS: income tax relief: company procedures: company and investor procedures: advance assurance requests: overview
Link fixed
EIS: income tax relief: company and investor procedures: advance assurance requests: overview
Link fixed
Link updated

published amendments

EIS: general requirements: spending of SEIS money
update fixed
Updated to reflect legislative change

published amendments

Excluded activities: provision of services or facilities for another business
Formatting correction

published amendments

Seed Enterprise Investment Scheme (SEIS): re-investment relief: introduction
Amended to reflect legislative changes

2017

published amendments

SEIS: income tax relief: company procedures: company and investor procedures: advance assurance requests: overview
Amended to add request for contact details.
EIS: income tax relief: company and investor procedures: advance assurance requests: overview
Amended to add request re company contact details.

published amendments

VCT: VCT returns: return of amounts subscribed for eligible shares: format of return
Updated attachment hyperlink
Updated the Attachment URL and Name to reflect GOV.UK external site.

published amendments

VCT: VCT returns: return of amounts subscribed for eligible shares: format of return
Updates to returns guidance to reflect use of new VCT spreadsheet along with updating contact details

published amendments

Background to Venture Capital Schemes: Small Company Enterprise Centre
Minor changes, revising the SCEC Address and contact details.

published amendments

Venture Capital Schemes: changes to the Enterprise Investment Scheme and Venture Capital Trusts rules introduced by Finance Act (No.2) 2015: contents
Additional list removed from body

published amendments

Venture Capital Schemes: the changes in detail: knowledge intensive companies: contents
Deleted text in the body so links are visible
Venture Capital Schemes: companies receiving risk finance investments: follow-on funding: business plans supporting condition A and condition C
activated the link to VCM8154
Venture Capital Schemes: companies receiving risk finance investments: follow-on funding: condition C
activated the links to the VCM
Venture capital schemes: companies receiving risk finance investments: exceptions to the basic age condition: follow-on funding – condition A
activated the links to VCM 8158 & 8160
Venture Capital Schemes: companies receiving risk finance investments: exceptions to the basic age condition: introduction
activated the link to VCM8154 & 8155
Changes to the Enterprise Investment Scheme and Venture Capital Trusts rules introduced by Finance Act (No.2) 2015: Contents
Page replaced on 26 September 2017 by VCM8000
Advance assurances and EIS1 applications
Page replaced on 26 September 2017 by VCM8300
Venture Capital Trusts
Page replaced on 26 September 2017 by VCM8200
Venture Capital Schemes: the changes in detail: maximum age limit for companies receiving risk finance investments: contents
Removing the text in the body so links are directly visisble
Company reorganisations
Page replaced on 26 September 2017 by VCM8170
Venture capital Schemes: the changes in detail: funding limits for investee companies: contents
Removing text in the body leaving the links visible
The skilled employees condition
Page replaced on 26 September 2017 by VCM8167
The innovation condition
Page replaced on 26 September 2017 by VCM8166
The three relevant years preceding the investment
Page replaced on 26 September 2017 by VCM8165
The relevant operating costs
Page replaced on 26 September 2017 by VCM8164
The operating costs conditions
Page replaced on 26 September 2017 by VCM8163
Knowledge intensive companies: overview
Page replaced on 26 September 2017 by VCM8162
Knowledge intensive companies: contents
Page replaced on 26 September 2017 by VCM8161
Follow-on funding: condition A and condition C
Page replaced on 26 September 2017 by VCM8158
New product or geographic market
Page replaced on 26 September 2017 by VCM8157
Average annual turnover
Page replaced on 26 September 2017 by VCM8156
The 30 day period
Page replaced on 26 September 2017 by VCM8155
Exceptions to the basic age condition: investment to enter new product or geographic market - condition B
Page replaced on 26 September 2017 by VCM8154
Exceptions to the basic age condition: follow-on funding – condition A
Page replaced on 26 September 2017 by VCM8153
First commercial sale: groups of companies and acquired trades
Page replaced on 26 September 2017 by VCM8152
The basic age condition: first commercial sale
Page replaced on 26 September 2017 by VCM8151
Maximum age limit for companies receiving risk finance investments: contents
Page replaced on 26 September 2017 by VCM8150
Overview of the changes
Corrected the link and formatted
Use of money: no business acquisitions
Page replaced on 26 September 2017 by VCM8140
Growth and development
Page replaced on 26 September 2017 by VCM8130
Venture Capital Schemes: changes to the enterprise investment scheme and venture capital trust rules introduced by Finance Act (No.2) 2015: the changes in detail: contents
deleting the text in the body so that the links show
Lifetime limit on risk finance investments
Page replaced on 26 September 2017 by VCM8123
Annual limit on risk finance investments
Page replaced on 26 September 2017 by VCM8122
Funding limits for investee companies: Overview
Link added to page
Page replaced on 26 September 2017 by VCM8121
Funding limits for investee companies: contents
Added link to VCM8120
Page replaced on 26 September 2017 by VCM8120
Independent investor
Page replaced on 26 September 2017 by VCM8110
The changes in detail: contents
Page replaced on 26 September 2017 by VCM8100
Overview of the changes
Page replaced on 26 September 2017 by VCM8030
Background to the changes
Page replaced on 26 September 2017 by VCM8020
Introduction to the changes
Page replaced on 26 September 2017
Venture Capital Schemes: introduction to the changes: background to the changes
Corrected sub title
Venture Capital Schemes: changes to the Enterprise Investment Scheme and Venture Capital Trusts rules introduced by Finance Act (No.2) 2015: contents
Corrected sub title

published amendments

Venture Capital Schemes: risk-to-capital draft guidance: risk-to-capital examples
Formatting headings
Venture Capital Schemes:risk-to-capital draft guidance: advance assurance and compliance checks
Headings reformatted
Venture Capital Schemes: risk-to-capital condition draft guidance: factors to be considered
Headings reformatted
Venture Capital Schemes: risk-to-capital draft guidance: an overview of the risk-to-capital condition
Added para at the end from following section (8540)
Headings and tweak to title
Headings and tweak to title
Venture Capital Schemes: risk-to-capital draft guidance: the two parts of the risk-to-capital condition
Headings reformatted
Venture Capital Schemes: risk-to-capital draft guidance: introduction to the risk-to-capital condition
Headings and tweak to title
Removed contents page from section
Venture Capital Schemes: Risk-to-capital condition draft guidance: contents
Capitalisation and getting rid of unnecessary words

published amendments

Venture Capital schemes: risk-to-capital condition draft guidance: about the guidance
Added VCM8500 menu link to page
Sub menu removed
Venture Capital Schemes: Risk-to-capital condition draft guidance: contents
Updated sub title.

published amendments

SEIS: company and investor procedures: company procedures: advance assurance requests: information needed
Updated for new procedural requirements.
SEIS: income tax relief: company procedures: company and investor procedures: advance assurance requests: overview
Updated for procedural changes.
EIS: income tax relief: company and investor procedures: advance assurance requests: information needed
Updated to reflect service requirements
EIS: income tax relief: company and investor procedures: advance assurance requests: overview
Guidance updated to reflect changes to the advance assurance service.