Category: News

HMRC has published a handbook outlining the accounting obligations and reporting requirements that insolvency practitioners and official receivers must follow when dealing with HMRC matters. The resource provides guidance on what practitioners need to account for during insolvency procedures and identifies the relevant HMRC contacts for specific enquiries. This handbook serves as a reference tool for professionals managing insolvencies to ensure compliance with HMRC regulations and processes.

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

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

HMRC has issued guidance for insolvency practitioners handling VAT obligations when appointed to manage insolvent VAT-registered companies. The notice outlines how VAT should be accounted for during insolvency procedures and provides contact information for practitioners requiring further assistance from tax authorities. This guidance applies to licensed insolvency practitioners dealing with VAT liabilities and compliance for their insolvent clients.

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

This guidance clarifies the circumstances under which individuals and firms must register as tax advisers with HMRC and identifies situations where registration is not required. The rules distinguish between different types of tax work and professional status, determining who falls within the tax adviser registration regime. Businesses providing tax advice or services need to understand these requirements to ensure compliance with their regulatory obligations.

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

HMRC has published form UK-REIT DT-Company to allow taxpayers to claim repayment of UK Income Tax that has been deducted from dividends distributed by UK Real Estate Investment Trusts. This form is used when trustees or other entities have received property income dividends subject to tax withholding and wish to recover the deducted amounts. The form streamlines the repayment process for international tax purposes related to UK REIT distributions.

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

HMRC has issued comprehensive guidance on how VAT assessments are issued, amended, and withdrawn, along with procedures for correcting errors in VAT returns. The guidance covers the administration of assessments and includes details on reasonable excuse provisions, with businesses directed to CH160000 guidance for the latest position on what constitutes reasonable excuse in VAT matters.

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

HMRC has issued a reminder that tax advisers must complete mandatory registration before 18 August 2026 under new regulatory requirements. The deadline is now one month away, with advisers needing to ensure their compliance ahead of this key date. Those who fail to register by the deadline risk non-compliance with the updated rules. The registration process applies to advisers who meet the eligibility criteria under the new scheme.

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

HMRC has published updated guidance for insolvency practitioners handling members’ voluntary liquidations, informed by the Novalpina judgment. The bulletin provides clarity on how practitioners should interact with HMRC during these insolvency processes. This guidance aims to support practitioners in managing their obligations and procedures when dealing with tax matters in members’ voluntary liquidations.

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

HMRC has published statutory guidance for registered societies outlining the requirements for reporting payments of interest, dividends, bonuses and other financial distributions. The guidance provides a template that registered societies must use when submitting details of these payments to HMRC. This ensures compliance with tax reporting obligations and helps registered societies meet their regulatory responsibilities in a standardised format.

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

This guidance outlines the various classifications of insolvency that UK businesses may encounter, including cash flow insolvency and balance sheet insolvency. The information is relevant for customs and logistics professionals who need to understand how insolvency status affects trading relationships, payment security, and customs compliance obligations. Familiarity with these distinctions helps traders assess financial risks and maintain appropriate due diligence procedures with suppliers and customers.

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