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

• CD
• DVD
• Floppy Disc
• 34/80 or 34/90 Cartridge
• 94/80 Cartridge
• LTO Tape (1,2 or 3)
• USB Sticks
• DLT Tapes

Files must be in ASCII/EBCDIC. The content of files should conform with the VCT Magnetic Media Specification which is available, on request, from:

CAR Audit

Either ring 0151 472 6129, 6136 or e-mail eddie.dodd@hmrc.gsi.gov.uk

CAR Audit 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:

HMRC Centre for Research and Intelligence
Data Capture unit
Ground Floor
Government Buildings
Ty Glas Road
Llanishen
Cardiff
CF14 5ZG

Telephone 029 2032 7452

Magnetic media returns for testing can be sent, by arrangement, to CRI at the above address:

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 0845 900 0404.

Penalties

Penalties may be charged under TMA70/S98 for failure to make a return or for making an incorrect return.