Goodbye to Tax Clearance: A Shift in Responsibility for MVLs

Hm revenue & customs logo on a conference table, showcasing tax clearance responsibility.

HMRC Cease Providing Tax Clearance for Members’ Voluntary Liquidations Effective immediately, HMRC will no longer provide pre- and post-tax clearances for members’ voluntary liquidations (MVLs). This change, announced in HMRC’s Insolvency Guidance on December 6, 2023, shifts the responsibility for determining tax compliance to insolvency practitioners (IPs), who must rely on their professional judgment to…

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