# The Venture Capital Trust Regulations 1995, Regulation 2: Interpretation


(1) In these Regulations unless the context otherwise requires—
“accounting date” has the meaning given by section 834(1);
“the Board” means the Commissioners of Inland Revenue;
“eligible shares” has the meaning given by paragraph 6(1) of Schedule 15B;
“enduring declaration” shall be construed in accordance with regulation 12;
“full approval” means approval in pursuance of subsection (2) of section 842AA;
“investor” means a person who holds shares in a company which is, or has been, a trust company;
“the Management Act” means the Taxes Management Act 1970;
“period of account” has the meaning given by section 834(1);
“permitted maximum” shall be construed in accordance with paragraph 8 of Schedule 15B;
“provisional approval” means approval in pursuance of subsection (4) of section 842AA;
“qualifying holding” shall be construed in accordance with Schedule 28B;
“trust company” means a venture capital trust within the meaning given by section 842AA;
“year” means a year beginning with 6th April in any year and ending with 5th April in the following year.
(2) In these Regulations, any reference to a provision, without more, is a reference to that provision of the Income and Corporation Taxes Act 1988.

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Source: https://www.legislation.gov.uk/uksi/1995/1979/regulation/2 (the official version)
Page: https://openlegislation.uk/venture-capital-trust-regulations-1995/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.