Paragraph 5

Schedule 18 to the M1Finance Act 1998 is amended as follows.

In paragraph 8 (calculation of tax payable), in sub-paragraph (1) after paragraph number 1 of the second step insert—

“1A.

Any relief under Part V of Schedule 15 to the Finance Act 2000 (corporate venturing scheme: investment relief).”

In paragraph 9 (claims that cannot be made without a return), after sub-paragraph (3) insert—

“(4)

This paragraph applies to a claim by a company for relief under Part V of Schedule 15 to the Finance Act 2000 (corporate venturing scheme: investment relief).”