# The Venture Capital Trust (Amendment) Regulations 2008, Regulation 3: Amendments to regulation 2


(1) Regulation 2 (interpretation) is amended as follows.
(2) In paragraph (1)—
(a) in the definition of “accounting date” at the end add “of the Income and Corporation Taxes Act 1988”;
(b) in the definition of “the Board” for “of Inland Revenue” substitute “for Her Majesty’s Revenue and Customs”;
(c) in the definition of “eligible shares” for “paragraph 6(1) of Schedule 15B” substitute “section 273(1)”;
(d) in the definition of “full approval” for “subsection (2) of section 842AA” substitute “section 274”;
(e) omit the definition of “the Management Act”;
(f) in the definition of “period of account” for “834(1)” substitute “989”;
(g) in the definition of “provisional approval” for “subsection (4) of section 842AA” substitute “section 275(2)”;
(h) in the definition of “qualifying holding” for “Schedule 28B” substitute “Chapter 4 of Part 6”;
(i) in the definition of “trust company” for “842AA” substitute “259(1)”; and
(j) at the appropriate places, insert—
““accounting period” shall be construed in accordance with section 12 of the Income and Corporation Taxes Act 1988;”,
““director” means a person appointed as a director of the trust company;”, and
““VCT approval” has the meaning it has in section 259(2);”.
(3) For paragraph (2) substitute—
“(2) In these Regulations, a reference to a “section” or “Part” without more is a reference to a section or Part of the Income Tax Act 2007.”.

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Source: https://www.legislation.gov.uk/uksi/2008/1893/regulation/3 (the official version)
Page: https://openlegislation.uk/venture-capital-trust-amendment-regulations-2008/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.