FTTTx Income Tax/Corporation Tax : Exemptions and Reliefs – Corporation tax – small and medium enterprises – enhanced research and development relief at 75% – SME – s 1119 CTA 2009 -Commission Recommendation EC 2003/361 – state aid -interpreted strictly – partner enterprise – meaning of institutional investor -whether must be investing on pooled basis – meaning of venture capital company – Held – Institutional investor not limited to pooled investment vehicles – investment bank and its subsidiary are institutional investors – insufficient evidence to conclude whether subsidiary venture capital company – appeal allowed.
[2015] UKFTT 357 (TC)
Bailii
England and Wales
Corporation Tax
Updated: 02 January 2022; Ref: scu.550567