Excluded activities: producing coal
ITA07/S192(1)(ib), S196B; ITA07/S303(1)(ib), S307B
Coal production is an excluded activity in relation to the EIS and SEIS.
For the VCT scheme, coal production is an excluded activity for all investments made on or after 6 April 2018.
However, VCT holdings acquired before 6 April 2018 using certain ‘protected monies’ – holdings acquired using monies raised, or derived from monies raised, by the VCT before 6 April 2008 – are not subject to this exclusion (see VCM55020).
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.