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HMRC internal manual

Venture Capital Schemes Manual

Recent changes to this guidance

Below are details of the amendments that were published on 03 February 2012 (see the update index for all updates)

| Page | Details of update | || | Throughout | VC Loss Relief now known as Share Loss Relief | | VCM10000 | Deleted | | VCM10060 | Deleted | | VCM12050 | Reference included to Blackburn & Another v Revenue and Customs Commissioners  | | VCM12060,VCM17110,VCM26320  | Reference included to Optos plc v Revenue & Customs Commissioners  | | VCM12060, VCM26320  | Reference included to Domain Dynamics (Holdings) Ltd v Revenue & Customs Commissioners  | | VCM12070, VCM25510  | Decision included from Forthright (Wales) Ltd v Davies  | | VCM12080 | Decision included from C Richards and Skye Inns Ltd v HMRC [2011] UKUT B25 (TCC) regarding the “employment” of money | | VCM15010, VCM31400  | Conditions for Share Loss Relief amended | | VCM17130 | Decision included from Castleton Management Services Ltd v Kirkwood  | | VCM21000 | Decision included from Ashley v Revenue & Customs Commissioners  | | VCM25050 | Decision included from Wild v Cannavan  | | VCM25080 | Decision included from Thomason & Ors v HMRC Commissioners  | | VCM25100 | Decision included from Revenue & Customs Commissioners v Taylor & Another and Cook v Billings & Others  | | VCM45000
VCM45200
VCM45300
VCM45400
VCM45500
VCM45700
VCM45740
VCM47000 | Guidance on Venture Capital Loss Relief replaced with guidance on Share Loss relief | | VCM48000 VCM49000 | Guidance on Venture Capital Loss Relief deleted | | VCM60710 | Format amended for annual Venture Capital Trust Scheme returns | | VCM64110 | Example amended to show the current rate of 30% |