Enterprise investment schemes (EISs) and venture capital trusts (VCTs) |
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Some technical changes detailed in the PBR today. Draft legislation was published to enact changes required to obtain EU state aid approval for schemes:
There is a new definition of small enterprise – which is more complex and is based on EU guidelines. Related enterprises will have to be aggregated in applying the employee and balance sheet total tests. In addition, EIS companies may not trade in partnership.
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