Following recommendations made in the "Review of Links with Business" published towards the end of last year we have set up a pilot exercise to trial a "One Stop Shop" approach to making clearance applications. We have already started handling many clearance applications in one office on the basis of a single application.
In this first step we have concentrated on demerger, purchase of own shares and S707 clearances. Where clearance is required for one or more of those provisions you should now send one single application letter to:
HM Revenue & Customs
Clearance & Counteraction Team, AAG (Intelligence)
1st Floor
22 Kingsway
London
WC2B 6NR
If the application contains information that is stock market sensitive then the application should be sent to Ray McCann at the same address.
Applications can be faxed to 020 7438 4409 but please ring Team Leader before you fax stock market sensitive information. His number is 020 7438 6585.
You can help us to deal with your application quickly by showing clearly at the top what clearances you are applying for.
We hope over the next few months to extend the "One Stop Shop" arrangements to include all capital gains tax clearances. In the meantime, where a capital gains tax clearance is required a separate application letter should be sent to:
William Perrett
Sapphire House
550 Streetsbrook Rd
Solihull West
Midlands
B91 1QU
If you need information or advice about how these changes will apply please telephone: - 020 7438 6585
If you have sent an application for clearance for a demerger, purchase of own shares or S707 and you have not received either an acknowledgement or other letter from us within 10 working days of sending your application to us please telephone: - 020 7438 7474
Further information on the "One Stop Shop" and other clearances is available.
Please also see our article "Speeding up Your Clearance Applications S703 ICTA 1988" in Working Together issue 6.
