HMRC Coronavirus Voluntary Arrangement Guidance

On 27 March, HMRC released guidance for the insolvency profession following the impact of coronavirus, specifically focusing on voluntary arrangements.

Voluntary arrangements

Where the terms of the arrangement allow the supervisor discretion, we would expect that discretion be exercised to its maximum, with reference to creditors only if essential.

>HMRC will support a minimum three month break from contributions for those debtors who have been impacted by coronavirus