Giving advice to companies
The Clearance Service for Businesses sets out the various ways in which HMRC aims to achieve its policy of helping business taxpayers. This, together with CAP 1 (Clearance and Approvals 1) for non-business taxpayers supersedes the previous COP 10 (Code of Practice 10).
Broadly the services include:
- providing general advice,
- giving ‘post-transaction rulings’,
- providing HMRC’s interpretation of tax law in some circumstances,
- giving statutory clearances and approvals for certain types of transactions.
Uniformity of treatment
The guidance provides for uniformity of treatment between all taxpayers. However, a novel situation may arise or a new interpretation of the law or practice may seem appropriate to a matter which could become publicly sensitive. For example, an officer may wish to apply a decision to a whole class of taxpayers or a trade. (This content has been withheld because of exemptions in the Freedom of Information Act 2000) .
Cases where very substantial amount of tax in issue
It is essential that the Commissioners’ freedom to act is not restricted by the premature agreement of liability where a very substantial amount of tax is in issue. (This content has been withheld because of exemptions in the Freedom of Information Act 2000) .
The expression ‘United Kingdom’ means Great Britain and Northern Ireland. It does not include the Irish Republic, the Isle of Man or the Channel Islands.