What is changing
As part of a process change, and with immediate effect, HMRC will no longer provide either or both pre and post tax clearances in members’ voluntary liquidation cases.
Insolvency practitioners should now close cases without tax clearance subject to their professional judgement.
This means any requests from insolvency practitioners for clearance already received will not be responded to, and any future requests will not be actioned.
This will include requests covering all heads of duty and will also cover all insolvency types.
Why has this decision been made
There is no statutory or best practice framework for HMRC to provide tax clearance.
Rather, it was a practice which arose among insolvency practitioners…