If a company makes a purchase of own shares that it believes
falls within ICTA88/S219, it must make a return of the transaction
to the Inspector (ICTA88/S226 (1)).
This return must:
The company must make such a return even if the Board has
confirmed that ICTA88/S219 will apply to the payment.
If, in a case of the kind mentioned above, involving a distribution by an unquoted company,
you should immediately make a report to the Clearance and Counteraction Team, Anti- Avoidance Group sending the file with it.