Insolvency (VAT Notice 700/56)

If you pay by CHAPS (Clearing House Automated Payment System) or Faster Payments, you can submit your payment on the same or next day.

If you pay by Bacs (Bankers Automated Clearing System), allow 3 working days for the payment to reach HMRC.

We recommend you check your bank’s processing times and maximum transaction limits before you pay.

You need your 13-character payment reference number. This is your 10-digit unique case reference number followed by a 3-letter suffix to show the type of insolvency the dividend refers to, for example, 8801234567CVA.

Account details to use if your bank account is in the UK

Use the following details to make a payment if your account is in the UK:

Account details to use if your bank account is overseas

Use the following details to make a payment if your account is overseas:

This table details the dividend types and their unique 3-digit suffixes.

Our unique case reference numbers start with 623 or 075 or 880 followed by 7 digits.

You can contact us if you are unsure how to use the reference format, or our claim does not have a reference number.

8.2 What happens when part of a claim is paid as a dividend

When part of a claim is paid as a dividend, the claim figure on which any subsequent dividend payments are calculated is not reduced. The claim calculated at the relevant date stands, and all dividend payments must be based on that figure.

any form of administration — send to the Enforcement and Insolvency Service (read section 1.4 of the Insolvency practitioner’s handbook)

voluntary arrangements — send to the Voluntary Arrangement Service (read section 1.5 of the Insolvency practitioner’s handbook)

For Scottish trust deeds and deeds or schemes of arrangement, you should send dividends to:

Debt Management — EIS E
HM Revenue and Customs
BX9 1SD