INS2109 - Insolvency
notifications
Notification received: Assessing Office
Action sequence
You should normally receive notification of insolvency from ICHU
on form INSOL200 which is issued at the same time to the Assessing
and Recovery Office and when appropriate the Network unit and EIS.
Form INSOL 200 shows up to six references including a main
reference to assist prompt action locally. When available the NINO
or Company registration Number (CRN) will also be shown. Since the
information on the form sent to each office is the same the main
reference may not be appropriate to you.
Therefore, do not return INSOL200 to ICHU upon completion
of action or if no action isrequired.
If you learn of an insolvency other than from ICHU follow
the guidance at
INS2105.
Immediately you receive form INSOL200 follow these steps
- Ensure it is directed to the appropriate
or nominated point in the office.
- Send a copy of form INSOL200 to
- the PAYE and Employer’s Sections if the
debtor is an employer (the Employer’s Section should take
appropriate action, including noting the COP record with the
cessation date which will cut over to BROCS)
- the Employer Compliance Unit if an employer review
is in progress
- the National Insurance Field Office if NICO or
Casework involvement is known
- any other office or section with an interest in
the debtor which is to send a copy of the form to any associated
Recovery Office.
- Open a file INSOL100 if required.
- Amend the solvency status in COTAX
cases.
- Immediately send a report by memo to ICHU
of any
- non-computer charges raised and notified to the
NU
- amounts stood over and/or subject to appeal for
non-computer charges and Revenue assessments
- assessment or determinations to be issued
- share option instalment case for 1995–96 and
earlier years.
Further information is provided at
INS2301 onwards.
- Cancel any amount outstanding for the
non-contract element of an investigation settlement charge and, if
appropriate, make formal assessments or determinations and advise
ICHU.
For cases not on IDMS with the local Recovery Office,
the APS Network Unit will return the papers relating to any
settlement charge to the originating office (or EIS for large cases
which go direct to it such as Class 2 or 3 cases). These papers are
not needed to make the claim.
- Issue form INSOL103 (bankruptcy cases) or
INSOL104 (liquidation cases).
- Ensure that repayment procedures are
correctly followed and,
only after available overpayments are set off
against claimable debts, repayments offered to the Official
Receiver or IP as appropriate. (Further information is provided at
INS2303)
