My company went into liquidation.
The liquidator was able to secure a sale of the liquidated business and it will generate a small surplus when all realised revenues and costs are offset. I will receive this surplus as a shareholder.
Within the figures, Revenue are owed €10k in VAT.
The liquidators bill has now landed and his costs will include about €14k in VAT
When the figures are being finalised, does this mean that the business will receive a VAT refund of €4k from Revenue
OR
Does it mean the business will pay out €10k to Revenue and a further €14k to the liquidator in VAT?
I've asked the liquidator this question but answers have been shortcoming?
The liquidator was able to secure a sale of the liquidated business and it will generate a small surplus when all realised revenues and costs are offset. I will receive this surplus as a shareholder.
Within the figures, Revenue are owed €10k in VAT.
The liquidators bill has now landed and his costs will include about €14k in VAT
When the figures are being finalised, does this mean that the business will receive a VAT refund of €4k from Revenue
OR
Does it mean the business will pay out €10k to Revenue and a further €14k to the liquidator in VAT?
I've asked the liquidator this question but answers have been shortcoming?