Chapter IDG40640

Published date19 March 2016
Record NumberIDG40640
CourtHM Revenue & Customs

Generally upon an insolvency the directors will cease to have any powers in relation to the company and these powers will vest in the insolvency practitioner. However in certain situations, for example an administrative receivership, the directors may retain some powers, and duties, which would necessitate access to the company’s tax records held by HMRC if the directors wished to discharge their duties.

Where directors wish to access information that HMRC holds about a company it is suggested that the prior agreement of the insolvency practitioner is sought. This is to avoid the provision of the...

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