Those wanting to know how HMRC approved the Student Loan Company deal should read this comment.
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You’re assuming HMRC gave clearance. They may have done, but I’ve only heard that the Treasury gave clearance. They might not even have asked HMRC. FWIW, my understanding is that the Treasury treat HMRC with ill-disguised contempt.
They do
But many reports have said HMC gave clearance
I am sure I have seen a redacted scan of clearance on HMRC letterhead, published as being part of the bundle released under the FOI request – but cannot now track it down on Exaro or BBC websites…