Income Tax Act 2007

Finance Act 2000 (c. 17)

394 (1) Amend Schedule 15 (the corporate venturing scheme) as follows.

(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.”