VCM10060 - Introduction: work of the Small Company Enterprise Centre

The Small Company Enterprise Centre (SCEC), see VCM10050, deals with:

• enquiries from companies about the conditions of the EIS, the CVS and the VCT scheme,
• requests from companies for informal advance clearance that they will meet the requirements of any of the three schemes,
• the CT liability of companies using any of the three schemes for the period during which the requirements of the scheme in question have to be met.

The SCEC does not deal with:

• claims to relief under any of the three schemes, and claims to VC loss relief - these are dealt with by the tax office dealing with the claimant;
• the approval of VCTs - this is dealt with by HMRC, CT&VAT (Technical), London