VCM60710 - VCT scheme: general: return of amounts subscribed for eligible shares: format of return
Magnetic media returns
VCTs may if they wish make a return on magnetic media. Data will be accepted on ½” magnetic tape and IBM PC compatible 3½” (720k/1.44M) or 5¼” (360k/1.2M) floppy diskettes. Files must be in ASCII/EBCDIC. The content of files should conform with the VCT Magnetic Media Specification which is available, on request, from:
| Audit and Pension Scheme Services (Information returns) |
| St John’s House |
| Merton Road |
| Bootle |
| Merseyside |
| L69 9BB |
| Telephone 0151 472 6129 |
APSS can also provide technical assistance on making magnetic
media returns.
VCTs will be sent a submission document and labels shortly
before the return is due. Instructions on the submission of returns
are included in the VCT Magnetic Media Specification.
VCTs should submit their returns of information to the Centre
for Research and Intelligence (CRI) at:
| The Post Room |
| HMRC Centre for Research and Intelligence |
| Data matching unit |
| Ground Floor |
| Ty Glas |
| Llanishen |
| Cardiff |
| CF4 5ZG |
| Telephone 01222 325000 Ext. 6379 |
Magnetic media returns can be sent, by arrangement, for
testing to:
| HMRC Wales Processing Centre |
| Financial Institutions Liaison Group |
| Ty Glas |
| Llanishen |
| Cardiff |
| CG4 5YZ |
| Telephone 01222 325000 Ext. 6563 |
Paper returns
If VCTs are unable to submit the return of information on
magnetic media, the return should be made on a form VCT100. VCTs
should also use a form VCT100 to return details of each
subscription which is not included on a return made on magnetic
media. These should be submitted along with the return made on
magnetic media.
Forms VCT100 and the notes on completion are available, on
request, from the St Austell orderline on 01726 201037.
Penalties
Penalties may be charged under TMA70/S98 for failure to make a return or for making an incorrect return.
