Keep up to date with the latest developments at the IPA – follow us on LinkedIn (Insolvency Practitioners Association) and Twitter (@IPAssociation).

The practitioner was made aware of a potential (disputed) tax liability in 2011. Upon legal advice, he elected not to convert the liquidation to a CVL. More recent communications with HMRC indicate that an assessment has been made, though this continues to be disputed by the shareholders, who are pressing the practitioner to distribute funds. Does the IPA have any regulatory expectation concerning the conversion of the case?

You are unauthorized to view this page.