15-SCR-Insolvency Practitioners (Scotland)-623

HM Revenue and Customs (HMRC) takes insolvency proceedings against limited companies, individuals and other entities which have failed to make payment and where other avenues of recovery have been exhausted and insolvency is deemed appropriate. A large majority of proceedings in Scotland are initiated by HMRC’s Edinburgh Enforcement and Insolvency (EISE) office. The scope of this requirement is limited to proceedings initiated by EISE. Proceedings at the instance of other arms of HMRC (e.g. Special Investigations) are outwith the scope of this requirement. In Scotland, when a creditor petitions the court to wind up a limited company, legislation requires the creditor to nominate an insolven…

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