Commentary

121 VAT: notification of HM Revenue and Customs

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

121 VAT: notification of HM Revenue and Customs

| Commentary

121 VAT: notification of HM Revenue and Customs

Where a VAT registered company goes into administration or goes into receivership or liquidation, the administrator, receiver or liquidator must notify HM Revenue and Customs within 21 days of commencing to carry on the business using Form VAT 7691. This does not apply to Law of Property Act (‘LPA’) receivers or fixed charge receivers where VAT should either continue to be accounted for on the trader’s VAT return or be paid directly by the receiver to HM Revenue and Customs using Form 8332. If an office holder is

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