UK Statutory Instrument SI 1995/1979 United Kingdom

The Venture Capital Trust Regulations 1995

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader9

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.008 Breach of conditions for approval Regulated
  • Notify HMRC immediately if VCT approval conditions break or winding up startsTrader
s.009 Certificate to be given to investor Regulated
  • Provide certificates to investors on request and keep recordsTrader
s.010 Scheme of relief in respect of distributions Regulated
  • Pay tax credit to investors after claiming reliefTrader
s.013 Return containing particulars of enduring declarations Regulated
  • File annual return of enduring declarations received from investorsTrader
s.015 Position where trust company ceases to be satisfied that enduring declaration correct Regulated
  • Notify HMRC when an investor's enduring declaration becomes incorrectTrader
s.018 Annual claims Regulated
  • File annual tax credit claims within 6 months of year endTrader
s.022 Return containing particulars of investments Regulated
  • File investment return to HMRC for your VCTTrader
s.023 Records to be kept by trust company Regulated
  • Keep accounts and records for at least six yearsTrader
s.025 Inspection of records by officer of the Board Regulated
  • Make records available for HMRC inspection within 14 daysTrader
16 other provisions — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation
s.003 Applications for approval
s.004 Approval of a company
s.005 Refusal of approval of a company
s.006 Withdrawal of approval of a company
s.007 Appeals to the Special Commissioners
s.011 Requirement as to obtaining of enduring declaration
s.012 Enduring declaration
s.014 Requirement for trust company to be satisfied that enduring declaration correct
s.016 Introductory
s.017 Interim claims
s.019 Supplementary provisions
s.020 Liability for tax where provisional approval withdrawn
s.021 Issue of tax credit vouchers in certain circumstances
s.024 Information to be provided to the Board

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.