# The Venture Capital Trust Regulations 1995, Regulation 20: Liability for tax where provisional approval withdrawn


Where the provisional approval of a company as a trust company is withdrawn, section 252 shall have effect in relation to any tax credit paid under this Chapter as it has effect in relation to any set-off or payment of tax credit mentioned in subsection (1)(b) of that section which ought not to have been made.

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Source: https://www.legislation.gov.uk/uksi/1995/1979/regulation/20 (the official version)
Page: https://openlegislation.uk/venture-capital-trust-regulations-1995/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.