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HMRC internal manual

Venture Capital Schemes Manual

Introduction to the Venture Capital Schemes manual: converting from the old Venture Capital Schemes manual

The old and new VCM: origins and destinations

This guidance was rewritten in 2012. Most of the content of the VCM has not changed, but it has been substantially re-ordered to reflect the structure of the legislation following the Tax Law Rewrite Project. There is some new material following recent changes to legislation.

It is not practical to provide a page-by-page guide to show how the former guidance has been re-arranged in the new guidance. But the table below gives a general indication of the sources and destination of the guidance.

Subject Old VCM New VCM
How to use the venture capital schemes manual 10070 VCM1040
What are the venture capital schemes? 10010 VCM2010
Aim of the venture capital schemes 10020 VCM2020
Outline history of the venture capital schemes 10030 VCM2030
Similarities and differences of the four venture capital schemes 10040 VCM2040
Small Company Enterprise Centre 10050 VCM2070
Excluded activities 17000 VCM3000
Enterprise Investment Scheme 19900 VCM10000
Venture Capital Trust Scheme 59000 VCM50000
Share Loss Relief 45000 VCM70000
Corporate Venturing Scheme 50000 VCM90000