SCHEDULES

SCHEDULE 15 The corporate venturing scheme

Part V Investment relief

Appeal against refusal to authorise compliance certificate

43

For the purposes of the provisions of the M1Taxes Management Act 1970 relating to appeals, the refusal of the Inland Revenue to authorise the issue of a compliance certificate shall be taken to be a decision disallowing a claim by the issuing company which is not a claim for discharge or repayment of tax.