Q&As

If a company in a company voluntary arrangement is the representative member of a value added tax (VAT) group, and another VAT group member has paid the group's VAT liability to HMRC, can the representative member pay a dividend to that group member in order to repay them?

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Published on LexisPSL on 16/05/2019

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • If a company in a company voluntary arrangement is the representative member of a value added tax (VAT) group, and another VAT group member has paid the group's VAT liability to HMRC, can the representative member pay a dividend to that group member in order to repay them?

If a company in a company voluntary arrangement is the representative member of a value added tax (VAT) group, and another VAT group member has paid the group's VAT liability to HMRC, can the representative member pay a dividend to that group member in order to repay them?

The government guidance: Insolvency (VAT Notice 700/56) covers some of the procedures for value added tax (VAT) in a company voluntary arrangement (CVA). Generally, the company (and not the supervisor) remains legally obliged to account

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