New guidance for non-statutory clearance applications
HMRC have amended their guidance for taxpayers who want to apply for non-statutory clearances as regards the tax consequences of transactions. Consequential amendments have been made to the following four guidance publications:
- Clearance service for businesses – how to get certainty on significant business tax issues – The changes relate to clearance services involving avoidance schemes, complaints handling and the appeals process.
- Inheritance Tax clearance service for business owners – The changes similarly to above relate to inheritance tax clearance services involving avoidance schemes, complaints handling and the appeals process.
- Code of Practice 10 – Updated contact details and internet links as well as additional information on statutory clearances and statutory approvals.
- VAT Notice 700/6 – The main changes relate to clearance services involving avoidance schemes, complaints handling and the appeals process.