IPR410500 - Liquidation/receivership: Cases involving revenue of more than £10,000

A9-2 Tax Losses paragraph 8.2. A detailed report should be sent to CIFT. The report must include all the details in IPR410200, and include:

• copies of any correspondence with the liquidator/receiver;
• if there is any likelihood of a dividend payment;
• a recommendation whether or not write off action should be taken without prejudice to further recovery action at a later date if such action should become economically feasible;
• details of any repayment claims lodged; and
• any other information you think would be useful.

This report should also be copied to the local VAT office and ASD. Where a repayment claim is involved, verify the claim and pass it through your line management who should authenticate it if satisfied with the amount claimed. This verification should form part of your report.

On receipt of your report, CIFT will liaise with National Insolvency Unit, Queens Dock, Liverpool.