SCHEDULES

SCHEDULE 4 U.K.EIS and VCT reliefs: knowledge-intensive companies

Initial investing period: permitted age of knowledge-intensive company U.K.

8 U.K.In section 294A of ITA 2007 (the permitted company age requirement for VCT relief), in paragraph (a) of subsection (2), for “beginning with the relevant first commercial sale,” substitute “beginning with—

(i) the relevant first commercial sale, or

(ii) if the relevant company so elects, the date by reference to which that company is treated as reaching an annual turnover of £200,000 (see section 331B),”.

Commencement Information

I1 Sch. 4 para. 8 in force at 6.4.2018 for the purposes of the amendments made by that paragraph by S.I. 2018/931, reg. 3(b)