Commentary

RCB/3/12 VAT Tribunal decision in Paymex Limited v HMRC

Part V16 Forms and other HMRC material

RCB/3/12 VAT Tribunal decision in Paymex Limited v HMRC

RCB/3/12 VAT Tribunal decision in Paymex Limited v HMRC

Revenue & Customs Brief, Issue 3. 29 February 2012

Revenue & Customs Brief 35/11 (RCB/35/11, Division V16.3) published on 20 September 2011, dealt with the insolvency implications of the VAT Tribunal decision in the case of Paymex Limited, as we understood them at that time.

HM Revenue & Customs (HMRC) has subsequently undertaken a review of all insolvency processes in light of the Paymex ruling, to provide certainty to the insolvency profession as to where the exemption applies. Following completion of this review, it is HMRC's view that the VAT exemption arising from

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