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HMRC internal manual

Company Taxation Manual

Distributions: purchase of own shares: scheme or arrangement

CTA10/S1046 (3)

There is an obligation to notify HMRC of any scheme or arrangement to avoid any of the conditions to which the application of CTA10/S1033 is subject. This obligation falls on any person connected with the company who is aware of the scheme or arrangement.

Any such notice should be sent immediately with the file to Clearance and Counteraction Team, Anti-Avoidance Group.