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HMRC internal manual

Venture Capital Schemes Manual

VCT: VCT approval: introduction

VCTs are approved by Small Companies Enterprise Centre on behalf of HMRC. Any application for approval or enquiry about the conditions for approval should be sent there - see VCM2070 for the address.

The conditions for:

  • full approval are at VCM54020, and for
  • ‘provisional’ approval at VCM54030.

Any breach of the conditions after approval has been granted should be reported to the CTIAA (Structure, Incentives & Reliefs team) at

Room 3/63
100 Parliament Street

See VCM54350 for further information about breaches of the conditions.