HMRC has published two updates for insolvency practitioners (IPs).
HMRC has published two updates for insolvency practitioners (IPs).
- VAT notice 700/56 provides new guidance on the payment of Corporation Tax for unincorporated associations and clubs and on funded pension schemes.
Find out how to account for VAT and who to contact if you're an insolvency practitioner and you're appointed over insolvent VAT-registered businesses. - IP appointments
Following the introduction of the Insolvency Proceedings (Fees) Order 2016, fees are now charged by the Official Receiver on all cases. Any IP seeking HMRC support for their appointment will need to demonstrate that their appointment will lead to an increased return to HMRC as a creditor after these fees and their own fees and expenses have been considered