Economic Crime Levy Insolvency Guidance for Practitioners

HMRC issued section 28 of the Insolvency Practitioner Handbook providing guidance on Economic Crime Levy obligations when an entity becomes insolvent. The guidance directs practitioners to notify HMRC when a levy-liable entity enters insolvency proceedings.\n\nInsolvency practitioners handling cases involving entities registered for the Economic Crime Levy should familiarise themselves with these reporting requirements and ensure proper notification to HMRC during insolvency proceedings.