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 (‘EMI’). However the provisions of EMI are not dealt with in this manual but in the Employee Tax Advantage Share Schemes User Manual (ETASSUM50000).
The 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