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Clearances pilot from January 2008

© Reed Elsevier (UK) Ltd 2008
Following the 2006 Review of Links with Large Business HMRC extended its clearance service to businesses by removing the current four Finance Act restrictions. HMRC began to run a clearances pilot on 2 January 2008 for:
●     business customers in the retail sector whose tax affairs are handled by the Large Business Service (LBS); and
●     business customers across all sectors whose tax affairs are handled by offices within the North West & Midlands group of Local Compliance (LC).
During the pilot clearance applications will be accepted from businesses and their advisers where there is a demonstrable material uncertainty about the tax consequences of transactions that are commercially significant to the business the terms...

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