Seeking clearance or approval for a transaction

HM Revenue and Customs (HMRC) can provide advance clearance or approval to some transactions where a company purchases its own shares.


Company purchase of Own Shares


HMRC won’t give clearances or advice in respect of the application of the ‘settlements legislation’ in Chapter 5 Part 5 Income Tax (Trading and Other Income) Act 2005 or the tax consequences of executing non-charitable trust deeds or settlements.

Published 22 August 2014