VAT – Insolvency – Notice 700/56. This notice has been updated to remind taxpayers that they must “keep digital records and submit returns using software that works with Making Tax Digital for VAT”.
Notice 700/56 is organised under the following headings:
1. Overview
2. Types of insolvency
3. Notifications
4. Claims
5. Returns
6. Cancel your VAT registration
7. Post VAT registration cancellation
8. Dividends
9. Bankrupt continues to trade
10. Bad debt relief
11. Cash accounting
12. Credit notes
13. Crown set-off
14. Taking Control of Goods or distraint
15. Partial exemption
16. Partnerships
17. Law of Property Act
18. Transfer of a Business as a Going Concern (TOGC)
19. Retention of insolvent trader’s records
20. VAT Group registrations
21. Submission of VAT forms
22. Funded pension schemes
23. Unincorporated associations and clubs, and payment of Corporation Tax
Annex A VAT Return forms
Your rights and obligations
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