On 21 December 2017, HMRC updated its Venture Capital Schemes Manual.

The amendments reflect, in relation to the Enterprise Investment Scheme and the Seed Enterprise Investment Scheme, statements made in HMRC's response paper to the consultation on streamlining the advance assurance service for venture capital schemes

The guidance indicates that HMRC will not respond to requests for assurances in relation to hypothetical or speculative applications. Any applications must name the individuals who are to make the relevant investments and promoters.

A copy of the guidance can be viewed here.