POLICY PAPER: INCOME TAX: VENTURE CAPITAL TRUSTS – RETURNS OF INFORMATION

The amended regulations will enable HM Revenue and Customs to collect relevant information from venture capital trusts (VCTs) about their activities in an accounting period. The record keeping requirement will be increased to 10 years. A new standardised format for the return will be introduced which VCTs will be able to submit electronically.

Source: HMRC