GLOSSARY
Tax clearance certificate definition
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What does Tax clearance certificate mean?
In the UK, HMRC clearances are granted for tax purposes to provide individuals and businesses with certainty on how a particular transaction or arrangement will be treated for tax purposes. These clearances can relate to various areas of tax, such as income tax, corporation tax, VAT, and stamp duty. By obtaining an HMRC clearance, taxpayers can ensure that their proposed tax position is acceptable to HMRC and avoid any potential disputes or penalties.
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