No big changes this time around, it looks like the introduction of replacement capital as a permitted investment will have to wait:
https://www.gov.uk/government/publicati ... changes--2
In Finance Bill 2017 the government will amend the requirements for the tax-advantaged venture capital schemes – the Enterprise Investment Scheme (EIS), the Seed Enterprise Investment Scheme (SEIS) and Venture Capital Trusts (VCTs) to:
- •clarify the EIS and SEIS rules for share conversion rights, for shares issued on or after 5 December
•provide additional flexibility for follow-on investments made by VCTs in companies with certain group structures to align with EIS provisions, for investments made on or after 6 April 2017
•introduce a power to enable VCT regulations to be made in relation to certain shares for share exchanges to provide greater certainty to VCTs
•a consultation will be carried out into options to streamline and prioritise the advance assurance service