Where you are advised that a company is insolvent you need to update the COTAX records as follows.
Liquidation - creditors’ voluntary
| Function |
Fields to complete |
| ACTP (Amend CT Payer Details) |
Solvency status field - ‘I’ and date of liquidation. |
| ACNA (Amend Company Name / Address) |
Check the Companies House record. If the Registered Office address has not been changed to that of the liquidator, change the RLS indicator to ‘Y’. |
| AMAG (Add / Amend Agent Details) |
Show the agent as ceased acting only where the date appointed is before the date of liquidation. |
| ACOM (Amend Communication Details) |
Enter the liquidator’s details in the communication name and address fields only where the Registered Office has not been changed to that of the liquidator. |
| ACAP (Add / Amend Capacity Details) |
Enter the liquidator’s details in the capacity name and address fields and capacity role - Liquidator. |
Liquidation - members’ voluntary
| Function |
Fields to complete |
| ACTP (Amend CT Payer Details) |
Solvency status field - ‘S’, date of liquidation and Co Liq Mem Vol - ‘Y’. |
| ACNA (Amend Company Name / Address) |
Check the Companies House record. If the Registered Office address has been changed to that of the liquidator, amend the RO address. |
| AMAG (Add / Amend Agent Details) |
Show the agent as ceased acting only where the date appointed is before the date of liquidation. |
| ACAP (Add / Amend Capacity Details) |
Enter the liquidator’s details in the capacity name and address fields and capacity role - Liquidator. |
Liquidation - compulsory
| Function |
Fields to complete |
| ACTP (Amend CT Payer Details) |
Solvency status field - ‘I’ and date of liquidation. |
| ACNA (Amend Company Name / Address) |
Check the Companies House record. If the Registered Office address has not been changed to that of the liquidator, change the RLS indicator to ‘Y’. |
| AMAG (Add / Amend Agent Details) |
Show the agent as ceased acting only where the date appointed is before the date of liquidation. |
| ACOM (Amend Communication Details) |
Enter the liquidator’s details in the communication name and address fields only where the Registered Office has not been changed to that of the liquidator. |
| ACAP (Add / Amend Capacity Details) |
Enter the liquidator’s details in the capacity name and address fields and capacity role - Liquidator. |
Receivership
| Function |
Fields to complete |
| ACTP (Amend CT Payer Details) |
Solvency status field - ‘I’. |
| AMAG (Add / Amend Agent Details) |
Show the agent as ceased acting only where the date appointed is before the date of receivership. |
| ACAP (Add / Amend Capacity Details) |
Enter the receiver’s details in the capacity name and address fields and capacity role - Receiver. |
Voluntary arrangement
| Function |
Fields to complete |
| ACTP (Amend CT Payer Details) |
Solvency status field - ‘V’. |
| AMAG (Add / Amend Agent Details) |
Do not show the agent as ceased. |
| ACOM (Amend Communication Details) |
Do not enter the supervisor’s details in the communication name and address fields. |
| ACAP (Add / Amend Capacity Details) |
Do not enter the supervisor’s details in the capacity name and address fields. |
Company administration from 15 September 2003
| Function |
Fields to complete |
| ACTP (Amend CT Payer Details) |
Solvency status field - ‘A’ and administration start date. |
| ACNA (Amend Company Name / Address) |
Check the Companies House record. Amend the COTAX record only if the Registered Office address has been changed to that of the receiver. |
| AMAG (Add / Amend Agent Details) |
Show the agent as ceased acting only where the date appointed is before the date of receivership. |
| ACAP (Add / Amend Capacity Details) |
Enter the receiver’s details in the capacity name and address fields and capacity role - Administrator. |
Administrative receivership before 15 September2003
| Function |
Fields to complete |
| ACTP (Amend CT Payer Details) |
Solvency status field - ‘A’ and administration start date. |
| ACNA (Amend Company Name / Address) |
Check the Companies House record. Amend the COTAX record only if the Registered Office address has been changed to that of the receiver. |
| AMAG (Add / Amend Agent Details) |
Show the agent as ceased acting only where the date appointed is before the date of receivership. |
| ACAP (Add / Amend Capacity Details) |
Enter the receiver’s details in the capacity name and address fields and capacity role - Receiver. |
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