Part 6Venture capital trusts
Chapter 3VCT approvals
Supplementary
283Time as from which VCT approval has effect
1
A VCT approval has effect as from the time specified in the approval.
2
That time, if it falls before the time when the VCT approval is given, must be no earlier than the time when the application was made.
3
If the Commissioners for Her Majesty's Revenue and Customs give a VCT approval, they may stipulate that the approval is to have effect as from the time when the application for the approval was made or any subsequent time.