Commentary on Sections Overview Overview Section 284: Power to make regulations as to procedure
852.This section gives the Treasury powers to make regulations regarding VCT approvals, the obligations of VCTs in relation to certain matters and the persons liable to account for tax consequent on withdrawal of VCT approval. It is based on section 73(2) of FA 1995.
853.This power has been used in relation to the Venture Capital Trust Regulations 1995 (SI 1995/1979).