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A document attesting to a ship's adherence to customs regulations. 2. A written declaration from HM Revenue and Customs stating that a certain proposed transaction is exempt from a particular *anti-avoidance law. The process is only available in situations that are defined by statute, such as when a firm reorganizes its share capital, demerges its trade, or buys its own shares. After approval has been granted (and not
removed), even though the transaction would come under the taxing requirement, the anti-avoidance clause is not applicable to the transaction.
A document attesting to a ship's adherence to customs regulations. 2. A written declaration from HM Revenue and Customs stating that a certain proposed transaction is exempt from a particular *anti-avoidance law. The process is only available in situations that are defined by statute, such as when a firm reorganizes its share capital, demerges its trade, or buys its own shares. After approval has been granted (and not
removed), even though the transaction would come under the taxing requirement, the anti-avoidance clause is not applicable to the transaction.
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