Excluded activities: producing coal
ITA07/S192(1)(ib), S196B; ITA07/S303(1)(ib), S307B
In relation to EIS or SEIS shares issued on or after 6 April 2008 coal production is an excluded activity. For the VCT scheme, it is an excluded activity in relation to a holding acquired on or after 6 April 2008 unless the holding was acquired out of funds raised by the VCT before that date.
Coal production covers not only the production, winning or extraction of coal, but also consequential activities such as washing, sizing and sorting coal, and transporting it to the point of delivery.