Article summary
The Insolvency Service has published issue 137 of its Dear IP newsletter. This issue discusses updates on HMRC’s delayed services which affect insolvency practitioners who are notifying insolvencies, submitting paper returns, requesting repayments and waiting for confirmation that matters are concluded. Furthermore, this issue highlights insolvency practitioner appointments with HMRC, stating HMRC will only consider requests for nomination in cases where there are no tax compliance issues or active HMRC investigations and where the appointment of an insolvency practitioner will lead to an increased return to creditors.
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