ECH22530 - Yield Recording: Insolvency

You should follow the guidance at ECH8070

Where it is considered worthwhile to continue with the compliance check you should raise

• Regulations 80 determinations ( ECH22090)
• Section 8 decisions ( ECH22091)
• Regulation 13 determinations.( ECH14300), or
• consider whether a recovery from the employee or director is appropriate ( ECH22101, ECH22102, ECH22103, ECH22104)

as soon as possible.

Where an underpayment of tax on benefits is identified you should

• make a referral to PTC via RIS or Distributed Processing ( ECH22565)

You should claim yield on ECS once any determination or decision is finalised ( ECH22535) as

• the full amount of the determinations
• the full amount covered by Section 8 decisions
• the interest due up to the date on which the determination, or decision is finalised
• the amount referred
  
  
• • as “refer to S9A”

It is unlikely that penalties will be sought in Insolvency cases. You should

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

This yield will count for both internal and external reporting purposes with the exception of any yield referred in accordance with ECH22565 which will be discounted for external purposes.

Where it is considered not worthwhile to continue with the compliance check you should

• close the case as a NIL settlement (see also ECH22535).