Finance Act 2016
|
Employment and investment incentive and seed capital scheme | ||
|
20. (1) The Principal Act is amended— | ||
(a) in section 502(7)(d)(i), by substituting “31st day of December” for “5th day of April”, | ||
(b) in section 507— | ||
(i) in subsection (1), by substituting for “the annual reports required in accordance with Article 11 of Commission Regulation (EU) No. 651/2014 of 17 June 2014” the following: | ||
“(a) the annual reports required in accordance with Article 11 of Commission Regulation (EU) No. 651/2014 of 17 June 20144 , and | ||
(b) publishing the following information in relation to all qualifying companies: | ||
(i) the name of the company; | ||
(ii) the address of the company; | ||
(iii) the Companies Registration Office number of the company; | ||
(iv) the amount of finance raised; | ||
(v) the date of share issue and type of relief.”, | ||
(ii) in subsection (2), by substituting “Notwithstanding section 851A” for “Notwithstanding any obligation as to secrecy imposed on them by the Tax Acts or the Official Secrets Act 1963 ”, and | ||
(iii) in subsection (4), by substituting “section 851A” for “statute or otherwise”, | ||
and | ||
(c) in Schedule 25B, by deleting Reference Number 47A and the matter set out opposite that reference number. | ||
(2) The amendments to section 507 of the Principal Act effected by subsection (1)(b) of this section shall apply to shares issued on or after 13 October 2015. | ||
(3) Subsection (1)(c) applies as respects a subscription for eligible shares made on or after 1 January 2017. | ||