UK Statutory Instrument 1995 United Kingdom

The Venture Capital Trust Regulations 1995

View on legislation.gov.uk (opens in a new tab) Ask Guv about this Act

At a glance

What's here

9 compliance obligations

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

s.008

Breach of conditions for approval

  • Notify HMRC immediately if VCT approval conditions break or winding up starts
s.009

Certificate to be given to investor

  • Provide certificates to investors on request and keep records
s.010

Scheme of relief in respect of distributions

  • Pay tax credit to investors after claiming relief
s.013

Return containing particulars of enduring declarations

  • File annual return of enduring declarations received from investors
s.015

Position where trust company ceases to be satisfied that enduring declaration correct

  • Notify HMRC when an investor's enduring declaration becomes incorrect
s.018

Annual claims

  • File annual tax credit claims within 6 months of year end
s.022

Return containing particulars of investments

  • File investment return to HMRC for your VCT
s.023

Records to be kept by trust company

  • Keep accounts and records for at least six years
s.025

Inspection of records by officer of the Board

  • Make records available for HMRC inspection within 14 days
Browse 16 other sections — procedural / definitional / commencement
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Liability for tax where provisional approval withdrawn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

Read the full Act on legislation.gov.uk (opens in a new tab)

Explore more

Browse legislation

Find other UK business legislation with related guidance.