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Purchase of own shares: clearances

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HMRC has published new guidance on clearance applications and how to apply for advance confirmation of an exempt distribution when a company purchases its own shares.

The guidance is a step-by-step document covering straightforward situations when a company purchases its own shares with links through to more detailed guidance. It explains:

  • the conditions that must be met before the payment can be treated as an exempt distribution; and
  • how a company can make a clearance application in connection with the purchase of own shares legislation.
Issue: 1557
Categories: News