VCM2030 - Introduction to the Venture Capital Schemes: Overview and background: the Venture Capital Relief Team

HMRC administers the tax-advantaged venture capital schemes mainly through a specialist Venture Capital Relief (VCR) Team that deals with:

  • enquiries from companies about the conditions of the EIS, SEIS, SITR and the VCT scheme,
  • requests from companies for informal advance clearance that they will meet the requirements of EIS, SEIS and VCT schemes,
  • statutory applications from companies under the EIS and SEIS, and
  • the statutory approval of companies as VCTs
  • companies granting options under Enterprise Management Incentives (‘EMIâ€�). However the provisions of EMI are not dealt with in this manual but in the Employee Tax Advantage Share Schemes User Manual (ETASSUM50000).

»Ê¹ÚÌåÓýapp VCR Team does not deal with claims by investors to income tax/capital gains reliefs under any of the three schemes, and claims to Shares Loss Relief - these are dealt with by the tax office dealing with the claimant.

If you have a query that is not covered by the guidance in this manual you can contact the VCR Team:

by email: [email protected] (see VCM2035 for guidance on the risks of using email)

by writing to them:

Venture Capital Reliefs Team

HM Revenue and Customs

WMBC

BX9 1QL