Chapter CISR18140

Published date16 April 2016
Record NumberCISR18140
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

CISR18600 Action guide contents

Where a company goes into receivership, its day-to-day management may remain in the hands of its directors or be taken over by the receiver. Where the receiver takes over the company’s management, and wishes to preserve the company as a going concern, they may enter into new contracts for construction operations on the company’s behalf. Exceptionally, the liquidator of a company may also enter into new contracts.

Payments made to companies in liquidation or receivership may continue to be made on the basis of the company’s existing payment status, either gross or under deduction. Payments to insolvency practitioners for contracts before the date...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT