Corporation Tax Act 2010 section 831

Clearance procedure

Section 831 provided a clearance procedure allowing companies to obtain advance confirmation from HMRC regarding certain transactions, but this provision has been removed from the legislation.

• Section 831 was part of Part 18 of the Corporation Tax Act 2010 and established a clearance procedure for companies.
• The clearance procedure allowed companies to seek advance approval or confirmation from HMRC before proceeding with certain transactions.
• The entire Part 18, including section 831, was removed from the legislation by the Finance Act 2016, section 77(4).
• The removal took effect for disposals made on or after 5 July 2016, meaning the clearance procedure is no longer available for any disposal from that date onwards.