Commentary

D8.335 Advance clearances applications

Corporate tax
Corporate tax | Commentary

D8.335 Advance clearances applications

Corporate tax | Commentary

Advance clearances

D8.335 Advance clearances applications

Applications for advance clearance

An issuing company may apply to HMRC for an advance clearance notice before issuing shares1. This application should be accompanied by any request for informal advance clearance under the enterprise investment scheme or venture capital trust scheme in respect of the same share issue2.

The notice states that HMRC are (or will be) satisfied that both the requirements for qualifying issuing companies3 and the general requirements4 are met. It is given on the basis of particulars, assurances and statements of intent given by the issuing company5.

The application for advance clearance must contain the particulars, undertakings and declarations required

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