ECH22530 - Yield Recording: Insolvency

The ECO should follow the guidance at ECH8070.

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)the ECO should raise

• Regulations 80 determinations ( ECH22090),
• Section 8 decisions ( ECH22095),
• Regulation 14 assessments.

as soon as possible

Where an underpayment of tax on benefits is identified the ECO should

• make a referral to PRC via RISK or Distributive Processing ( ECH22565).

The ECO should claim yield on ECS ( ECH22535) as

• the full amount of the determinations or assessments
• the full amount covered by Section 8 decisions
• the interest due up to the date on which the determination, assessment or decision is finalised
• the amount referred
• • as refer to S9A if the taxpayer receives an SA return
  • as refer to other section/area if the taxpayer does not receive an SA return

The ECO should

• consider the guidance at ECH8070 and
• where it is appropriate to seek a penalty
• claim the amount of the penalty on ECS