Bulk payments — Individual Voluntary Arrangements

We are currently receiving bulk payments in Individual Voluntary Arrangement cases, where dividends for multiple cases are paid in one lump sum and lists, including a breakdown of the payments are sent by email.

From 1 February 2021, we will no longer accept bulk payments.

Please now make changes to the way you pay dividends in Individual Voluntary Arrangements as follows:

• each payment should be paid individually using our case reference number, if you do not have a reference number, please contact us and we will provide it
• dividends due to HMRC should be retained and paid as one single payment, at the same time as the supervisor issues the notice and final report under rule 8.31
• where the total dividend to HMRC at the end of an arrangement is less than £10, we do not expect this payment to be paid, this increases the administering costs
• if you have not received a provisional claim for arrangements approved before 1 January 2018, please do not contact us for reference numbers or claim requests

If you have any questions about this, please contact us at: vas@hmrc.gov.uk.

Trust deeds

All dividend payments should be paid into the correct bank account using the case references detailed in this bulletin.

Please note that dividend payments should not be paid into regular tax accounts.

Using an incorrect account number and sort code will delay identifying and closing cases.

From 1 February 2021, we will no longer accept bulk payments. Please make separate individual payments for each case quoting the reference number included on the claim.

What we need you to do

Payments relating to a claim should be made through Bacs (Bankers Automated Clearing System) or CHAPS (Clearing House Automated Payment System) using the following details:

• sort code — 20 20 48
• account number — 30944793
• account name — HMRC NIC Receipts
• Enforcement and Insolvency Services (EIS) reference number — this number will be quoted on all new HMRC claims and letters and will be used as a reference for the lifetime of the claim, payments cannot be accepted without this reference

Payment reference number

The unique case payment reference number can be found on our claim.

You will need to use this 13-character payment reference when you pay.

This is the customer’s 10-digit unique case reference number followed by a 3-letter suffix to show the type of insolvency the dividend refers to.

The following table details the dividend types and their unique 3-digit suffixes:

• Individual Voluntary Arrangement, use suffix IVA
• sequestrations, use suffix SEQ
• trust deeds, use suffix TRD
• Irish bankruptcy, use suffix IBY
• members voluntary liquidations, use suffix MVL
• company liquidation cases, use suffix LIQ
• individual bankruptcy or partnerships, use suffix BKY
• Company Voluntary Arrangement, use suffix CVA
• partnership voluntary arrangement, use suffix PVA
• administration, use suffix ADM
• petition costs, use suffix PET

Note: our unique case reference numbers start with 623 or 075 or 880 followed by 7 digits.

Example 1 of payment reference number which starts with 623

Reference number from the claim: 623/1234567

Dividend type: Individual Voluntary Arrangement

Payment reference: 6231234567IVA (13 characters)

Example 2 of payment reference number which starts with 075

Reference number from the claim: 075/7654321/XXX

Dividend type: members voluntary liquidation

Payment reference: 0757654321MVL (13 characters)

Example 3 of payment reference number which starts with 880

Reference number from the claim: 880/1357911/XXX 26 VA

Dividend type: administration

Payment reference: 8801357911ADM (13 characters)

Contact us if you are unsure of the reference format or our claim does not have a reference number.

Please always pay using electronic banking. This helps us provide the best possible service.

We can no longer process cheques, so if you send them to us, we will have to return them to you.