ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL This change is adverse to some taxpayers in principle. But it is expected to have no practical effect as it is in line with current practice.
Change 65: VCT: meaning of “company” and “shares” in Part 6: section 332 and Schedule 2Part 8 (meaning of “company”, “shares” and “research and development” in Part 6)
This change provides that “company” and “shares” have the same meaning in Part 6 of this Act (Venture capital trusts) as, by section 842(4) of ICTA, they have in section 842 of ICTA (Investment trusts).