When appointed the Official Receiver will not usually file a
return but instead provide the District Office with any accounting
records available. In these circumstances penalties are not
When a company continues to receive taxable income after the relevant date the District Office will set up subsequent APs to deal with post-insolvency liability. The first subsequent AP starts on the relevant date (the date of winding up) and the liquidator, administrator or administrative receiver (in Scotland receiver) is responsible for
Subsequent APs will be created as long as income arises.
Subsequent APs will not be needed if the company does not continue to earn taxable income after a voluntary arrangement.
For company administrations after 15 September 2003, for the effect
When credit interest has been given, Section 342, 3A of ICTA
1988 states that amounts under £2,000.00 are non-chargeable to
Corporation Tax in a liquidation case. Collection and charging of
debit interest and late payment interest for insolvency cases is
always considered by the Recovery Office.
For further information about a struck off company see ‘Defunct Companies’ INS5000 onwards.