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Where Taxpayers and Advisers Meet

HMRC MVL clearance delays?

Joined:Tue Jul 13, 2021 7:53 pm
HMRC MVL clearance delays?

Postby newaccountant » Tue Jul 13, 2021 8:04 pm

My client is looking to claim Business Asset Disposal Relieft - they started the MVL process in May 2020 - using a well known Liquidator.
My client was informed by the Liquidator in late 2020 clarifying they were waiting for clearance from HMRC before closing the case (all other steps were complete).
However, my client is still waiting with apparently HMRC reporting delays. Is this a common experience with others in this sitution?

This has been dragging on over a year and my client is worried there's an issue (they can't think of any reason why there would be). Any thoughts?

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