HMRC Claims Process for Insolvency Practitioners and VAT Penalties

HMRC has published guidance on how it issues claims to insolvency practitioners handling insolvent estates, including the application of VAT penalties and interest charges. The guidance clarifies the procedures insolvency practitioners should follow when dealing with HMRC claims during the insolvency process. This affects insolvency practitioners, creditors, and businesses with outstanding tax liabilities during insolvency proceedings.

Source: HMRC (GOV.UK) – Read the original