VCM8010 - Venture Capital Schemes: changes to the enterprise investment scheme and venture capital trusts rules introduced by Finance Act (No.2) 2015: introduction to the changes

Additional rules were introduced to the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) by Schedules 5 and 6 to the Finance (No.2) Act 2015 (F(2)A 2015).

The additional rules apply from 18 November 2015 to:

• shares issued under the EIS

• investments made by VCTs and

• for determining whether investments held by a VCT are to be regarded as qualifying holdings

This section explains how the additional rules apply. The information is presented as a new section in this manual but certain material will be incorporated under the scheme specific headings in due course.

The majority of the underlying rules for the EIS and VCTs remain unchanged. This section should be read in conjunction with the guidance in the rest of this manual.