UK Screen Alliance calls for overhaul of tax credits broadcastnow.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from broadcastnow.co.uk Daily Mail and Mail on Sunday newspapers.
VCM8560 - Venture Capital Schemes: risk-to-capital condition: examples of how the condition may apply
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
Example 1
A company is set up by postgraduate students to exploit their research, which they expect will eventually have wide commercial value. They have been using the university facilities but they now need their own laboratory. The directors prepare a business plan but, as their plans are high risk and long term and the company has no track record, the company is unable to attract investment from the market. The company secures initial investment under the EIS from members of an angel syndicate, and a fund manager acting as nominee for a number of individual investors. A schedule of follow-up funding is agreed for the next five years. The directors retain a majority interest in the company. The company uses the money to set up and equip a smal
TTR40020 - Qualifying productions: theatrical production
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
S1217FA & S1217FB Corporation Tax Act 2009
A production can only be a qualifying production for Theatre Tax Relief (TTR) purposes if it is a theatrical production: a dramatic production or a ballet, that is not specifically excluded by the legislation from being regarded as a theatrical production.
Dramatic production
A dramatic production means a production of a play, an opera, a musical or other dramatic piece (whether or not involving improvisation) in relation to which: