Budget 2010 - qualifying trades for EIS and VCT reliefs
Until now, companies qualifying for Enterprise Management Incentive (EMI) scheme and Venture Capital Trust (VCT) reliefs have needed to carry out a qualifying trade 'wholly or mainly' in the UK.
With effect from Royal Assent (likely to be the next month or so), this requirement will be relaxed and companies will need only to have a taxble presence in the UK.
Date: 24th March, 2010
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