HMRC have updated its VAT Notice 700/56 (insolvency). Key changes include the following:
information on the default surcharge has been removed from section 4 and the paragraphs have been renumbered accordingly;
information on the repayment supplement has been removed from section 5 and replaced with a link to the new rules on repayment interest;
section 20.6 has been updated because HMRC no longer automatically removes insolvent members from VAT groups, as long as they continue to meet the VAT group control criteria;
a new paragraph 8.3 has been added on when and how to submit a notice of intended dividend; and
HMRC have updated its VAT Notice 700/56 (insolvency). Key changes include the following:
information on the default surcharge has been removed from section 4 and the paragraphs have been renumbered accordingly;
information on the repayment supplement has been removed from section 5 and replaced with a link to the new rules on repayment interest;
section 20.6 has been updated because HMRC no longer automatically removes insolvent members from VAT groups, as long as they continue to meet the VAT group control criteria;
a new paragraph 8.3 has been added on when and how to submit a notice of intended dividend; and
