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‘Worrying times’ as HMRC withdraws firm’s VCT status

Accountancy Age

HMRC has for the first time withdrawn the venture capital trust (VCT) status of a company, after Oxford Technology breached one of its investment rules. A requirements for operating a VCT is that no more than 15% of the fund can be invested in any one company, as calculated by the last price at which that company’s shares were purchased, Accountancy Age’s sister publication Professional Adviser. But Oxford Technology 3 VCT…

Read more here: Accountancy Age

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