Enforcement and Insolvency Services (EIS) Edinburgh

HMRC’s Enforcement and Insolvency Services (EIS), Edinburgh, are refreshing the list from which they nominate insolvency practitioners as interim liquidators in Scottish liquidations.

The insolvency practitioner may also be asked to accept nominations as provisional liquidator, interim trustee, and other appointments, for example, administrator.

Insolvency practitioners may also be asked to carry out preliminary investigative work from time to time.

This refers only to proceedings started by HMRC’s Enforcement and Insolvency Services Edinburgh, not other areas of HMRC, such as fraud investigation service.

It is expected that insolvency practitioners will recover fees, outlays and disbursements where there are sufficient assets.

Where sufficient funds can not be gathered to cover reasonable insolvency practitioner fees, outlays and disbursements, HMRC will pay the outstanding amount up to a maximum of £5,000 plus VAT for each appointment.

When additional funding over £5,000 is required, the request will continue to be considered on a case by case basis.

Such requests should be emailed to: IPFundingcontact@hmrc.gov.uk.

Fees for other cases, such as administration and provisional liquidator, will be negotiated on a case by case basis.

The insolvency practitioner should be able to demonstrate that if the interlocutor is received before noon, they or a suitable member of their direct staff can secure assets the same day.

If received after noon, they should secure assets before noon of the following day.

For businesses in outlying areas, such as the Highlands and Islands, an additional 24 hours will be accepted.

If you wish to be considered for nomination, please email your request on headed note paper to: ipso@hmrc.gov.uk.

You should also specify the Sheriffdoms in which you are able to accept appointments.

The areas are:

• Glasgow and Strathkelvin
• Grampian
• Highland and Islands
• Lothian and Borders
• North Strathclyde
• South Strathclyde Dumfries and Galloway and Tayside
• Central and Fife

Responses are required in order to be included on the new list.

A new list will be established for each Sheriffdom, and selection will be made on a rota basis, from which HMRC reserves the right to deviate at its absolute discretion.

For example, where limited companies subject to winding up action are connected by a common director, HMRC may nominate the same insolvency practitioner to act in both cases and return to the rota basis for future nominations.

There is also no guarantee of the volume or value of future assignments.

Your acceptance of these conditions should be on headed notepaper and emailed to: ipso@hmrc.gov.uk.

Requests to be removed from the current list should also be sent to this email address.

This is not a legally binding contract.