Trader IVAs and HM Revenue and Customs (2)

Self Assessment Returns
A trader proposing to enter into an Individual Voluntary Arrangement (IVA) should be aware that HM Revenue and Customs (HMRC) now try and insist on completion of Self Assessment (SA) returns before supporting the proposal. This is because for self employed debtors, it is unlikely that HMRC will be able to submit a final claim in the IVA...