394(1)Amend Schedule 15 (the corporate venturing scheme) as follows.U.K.
(2)In paragraph 16(4) (the unquoted status requirement) after “Taxes Act 1988” insert “ or section 184(3) of ITA 2007 ”.
(3)In paragraph 55(4) (provision supplementary to paragraph 54) after “Taxes Act 1988” insert “ or Part 5 of ITA 2007 ”.
(4)In paragraph 56(3) (value received by other persons)—
(a)after “Taxes Act 1988”, in the first place where it occurs, insert “ or Part 5 of ITA 2007 ”,
(b)for “section 299 of that Act” substitute “ section 299 of the Taxes Act 1988 or section 209 of ITA 2007 ”,
(c)for “section 300(2)(a) of that Act” substitute “ section 300(2)(a) of the Taxes Act 1988 or section 216(2)(a) of ITA 2007 ”, and
(d)after “section 300 of the Taxes Act 1988” insert “ , section 214 of ITA 2007 ”.
(5)In paragraph 102 (minor definitions etc) after sub-paragraph (8) insert—
“(9)References in this Schedule to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.”