Subscriptions for venture capital trust shares

This screen is accessed via the Data Input tab within the tax return and allows a claim of tax relief for subscriptions for shares in Venture Capital Trusts (VCTs).

Taxfiler by IRIS’s computation will allow relief of 30% of the smaller of:

  • The amount subscribed

  • £200,000

  • The amount that reduces the tax bill to zero for the year.

  • Date invested - enter the date the investment was made. (Added from 2022)

  • Unique Investment Reference / Tax Office - enter either the Unique Investment Reference or HMRC Office that issued the documentation. (Added from 2022)

  • Trust - enter the name of the trust.

  • Amount subscribed - enter the full amount subscribed.

If you enter an amount subscribed of more than £200,000, Taxfiler by IRIS will limit the amount included on the tax return to £200,000 as required by the tax return notes.

To delete a line from the grid, select the ‘trash can‘ icon at the end of the line.