Securing pre-transaction clearance is a crucial step of any transaction. Provided that a clearance application is made properly and discloses the full and relevant facts, a successful response will be binding on HMRC, providing a taxpayer with the assurance and peace of mind that the transaction shall not be enquired into by HMRC in the future.
Our team has extensive experience with a wide range of different transactions and understands the necessary clearances required in each circumstance. We have the expertise to handle the clearance process smoothly and efficiently. We know what HMRC expects and how to present the transaction in the best light, improving the chance of a prompt and successful response from HMRC.
We also have a great deal of experience in assisting accountancy practices and other tax advisory firms obtain clearances for their clients where HMRC has refused them. This could be as simple as resolving a misunderstanding of the drivers behind the transaction or substantial a more salient commercial point.
On other occasions, we need to remind HMRC what the Tribunals and Courts have said in other cases before they will accept that the clearances should be granted. In extreme cases, we also have a 100% success rate in cases that we have referred to the Tribunal, where the Tribunal judges have granted a clearance that HMRC had refused.
Whether you need clearance for a simple or complex transaction, we can help you get it done. We also offer advice and support to other firms and their clients who face challenges with obtaining clearances from HMRC.