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.
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.
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