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HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
, see all updates

VCT: VCT approval: contents

  1. VCM54010
    Introduction
  2. VCM54020
    Conditions for full approval
  3. VCM54030
    Conditions for provisional approval
  4. VCM54040
    Listing condition
  5. VCM54050
    Nature of the income condition
  6. VCM54060
    Income retention condition
  7. VCM54070
    15% holding limit condition
  8. VCM54080
    70% qualifying holdings condition
  9. VCM54090
    Definition of ‘securities’, and references to a company’s investments
  10. VCM54100
    70% qualifying holdings condition: disregard of disposals
  11. VCM54110
    70% qualifying holdings condition: disregard of disposals: example
  12. VCM54120
    70% qualifying holdings condition: disregard of disposals: qualifying holdings received
  13. VCM54130
    70% qualifying holdings condition: disregard of disposals: further share issues, multiple disposals and mergers
  14. VCM54140
    30% or 70% eligible shares condition
  15. VCM54150
    Definition of ‘eligible shares’ in a holding
  16. VCM54160
    Value of a holding
  17. VCM54170
    Further share issues and 70% and 30% or 70% tests
  18. VCM54180
    Investment limits condition
  19. VCM54190
    Exchange of shares or securities in same company: valuation of new holding
  20. VCM54200
    Exchange of shares or securities in same company: valuation of retained shares
  21. VCM54210
    Exchange of shares or securities for those in another company: valuation of the new holding
  22. VCM54220
    Reconstruction involving the issue of shares or securities: valuation of new holding
  23. VCM54230
    Share exchanges and reconstructions: earn-outs
  24. VCM54240
    Issue of shares or securities: apportioning value
  25. VCM54250
    Applications for approval: how to apply
  26. VCM54260
    Applications for approval: full approval
  27. VCM54270
    Applications for approval: provisional approval
  28. VCM54280
    Applications for approval: declarations
  29. VCM54290
    Applications for approval: informal application for provisional approval
  30. VCM54300
    Applications for approval: approval notices
  31. VCM54310
    Applications for approval: refusal
  32. VCM54320
    Applications for approval: provisional approval becoming full
  33. VCM54330
    Maintaining approval: where full approval given
  34. VCM54340
    Maintaining approval: where provisional approval given
  35. VCM54350
    Breach of approval conditions: circumstances in which a breach can occur
  36. VCM54360
    Breach of approval conditions: circumstances in which approval will not be withdrawn
  37. VCM54370
    Breach of approval conditions: meaning of ‘outside the control’
  38. VCM54380
    Breach of approval conditions: notification of breach
  39. VCM54390
    Breach of approval conditions: correction without delay
  40. VCM54400
    Withdrawal of approval: when approval may be withdrawn
  41. VCM54410
    Withdrawal of approval: breach of approval conditions
  42. VCM54420
    Withdrawal of approval: effects of withdrawal of full approval
  43. VCM54430
    Withdrawal of approval: effects of withdrawal of provisional approval
  44. VCM54440
    Withdrawal of approval: withdrawal notices