Brief aims at settling doubt over insolvency experts’ fees
Posted by mostafa on 15 July, 2013
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This item was filled under Tax
Tax officials have moved to placate uncertainty about the VAT treatment of insolvency practitioners who act as supervisors while not having previously acted as nominees, following the First-tier Tribunal decision in Paymex Ltd (TC1210) and the HMRC publications in response to the ruling.
The department has produced Revenue & Customs Brief 17/13 to confirm the treatment:
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If the nominee and …