VCM2060 - Introduction to the Venture Capital Schemes: Overview and background: changes to the Venture Capital Schemes manual

This guidance was rewritten in 2012. Most of the content of the VCM has not changed, but it has been substantially re-ordered to reflect the structure of the legislation following the Tax Law Rewrite Project.

There is now new material following recent changes to legislation that have been incorporated within the guidance. The guidance has been updated introducing a new chapter that will outline latest changes made by Finance Acts. The introduction to the venture capital schemes (VCM1000) and background to the venture capital schemes manual (VCM2000) have been merged and re-drafted to bring this up to dated and in line with the legislation.

It is not practical to provide a page-by-page guide to show how the former guidance has been re-arranged in the new guidance. Some pages have been deleted because the information was repetitive or outdated.